This property looks like a bad Long-Term investment with a projected -16.91% first-year return on $145k initial cash invested.
-16.91%
Cash On Cash
3.25%
Cap Rate
0.5
DSCR
$3,422
Rent
-$2,039
Cashflow
Cash Flow
$3,422 income − $5,461 expenses = $2,039 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,422
Total Expenses
$5,461
Mortgage P&I
109%
$3,733
Property Taxes
17%
$594
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0