This property looks like a bad Long-Term investment with a projected -24.77% first-year return on $145k initial cash invested.
-24.77%
Cash On Cash
1.52%
Cap Rate
0.23
DSCR
$1,916
Rent
-$2,991
Cashflow
Cash Flow
$1,916 income − $4,907 expenses = $2,991 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,916
Total Expenses
$4,907
Mortgage P&I
197%
$3,768
Property Taxes
21%
$398
Home Insurance
13%
$242
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0