This property looks like a bad Long-Term investment with a projected -17.88% first-year return on $145k initial cash invested.
-17.88%
Cash On Cash
2.84%
Cap Rate
0.45
DSCR
$3,561
Rent
-$2,154
Cashflow
Cash Flow
$3,561 income − $5,715 expenses = $2,154 out of pocket
Investment Breakdown
|
Purchase Price
$688k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,884
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,561
Total Expenses
$5,715
Mortgage P&I
101%
$3,608
Property Taxes
26%
$936
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0