This property looks like a bad Long-Term investment with a projected -19.13% first-year return on $145k initial cash invested.
-19.13%
Cash On Cash
2.68%
Cap Rate
0.42
DSCR
$3,137
Rent
-$2,314
Cashflow
Cash Flow
$3,137 income − $5,451 expenses = $2,314 out of pocket
Investment Breakdown
|
Purchase Price
$691k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,911
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,137
Total Expenses
$5,451
Mortgage P&I
118%
$3,701
Property Taxes
22%
$691
Home Insurance
8%
$243
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0