This property looks like a bad Long-Term investment with a projected -17.46% first-year return on $145k initial cash invested.
-17.46%
Cash On Cash
3.34%
Cap Rate
0.5
DSCR
$4,214
Rent
-$2,110
Cashflow
Cash Flow
$4,214 income − $6,324 expenses = $2,110 out of pocket
Investment Breakdown
|
Purchase Price
$690k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,904
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,214
Total Expenses
$6,324
Mortgage P&I
91%
$3,819
Property Taxes
26%
$1,111
Home Insurance
7%
$298
HOA
0%
$0
Property Management
10%
$421
CapEx
5%
$211
Vacancy
6%
$253
Maintenance
5%
$211
Other
0%
$0