This property looks like a bad Long-Term investment with a projected -18.01% first-year return on $145k initial cash invested.
-18.01%
Cash On Cash
2.98%
Cap Rate
0.46
DSCR
$3,502
Rent
-$2,171
Cashflow
Cash Flow
$3,502 income − $5,673 expenses = $2,171 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,889
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,502
Total Expenses
$5,673
Mortgage P&I
106%
$3,704
Property Taxes
20%
$711
Home Insurance
7%
$255
HOA
3%
$93
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0