This property looks like a bad Long-Term investment with a projected -5.42% first-year return on $145k initial cash invested.
-5.42%
Cash On Cash
5.85%
Cap Rate
0.89
DSCR
$4,722
Rent
-$653
Cashflow
Cash Flow
$4,722 income − $5,375 expenses = $653 out of pocket
Investment Breakdown
|
Purchase Price
$688k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,881
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,722
Total Expenses
$5,375
Mortgage P&I
80%
$3,771
Property Taxes
3%
$132
Home Insurance
5%
$245
HOA
0%
$0
Property Management
10%
$472
CapEx
5%
$236
Vacancy
6%
$283
Maintenance
5%
$236
Other
0%
$0