This property looks like a bad Long-Term investment with a projected -17.42% first-year return on $145k initial cash invested.
-17.42%
Cash On Cash
3.29%
Cap Rate
0.49
DSCR
$3,379
Rent
-$2,101
Cashflow
Cash Flow
$3,379 income − $5,480 expenses = $2,101 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,379
Total Expenses
$5,480
Mortgage P&I
113%
$3,819
Property Taxes
10%
$344
Home Insurance
7%
$241
HOA
6%
$197
Property Management
10%
$338
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0