This property looks like a bad Long-Term investment with a projected -17.03% first-year return on $145k initial cash invested.
-17.03%
Cash On Cash
3.39%
Cap Rate
0.51
DSCR
$3,837
Rent
-$2,058
Cashflow
Cash Flow
$3,837 income − $5,895 expenses = $2,058 out of pocket
Investment Breakdown
|
Purchase Price
$691k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,907
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,837
Total Expenses
$5,895
Mortgage P&I
100%
$3,820
Property Taxes
22%
$849
Home Insurance
6%
$228
HOA
0%
$0
Property Management
10%
$384
CapEx
5%
$192
Vacancy
6%
$230
Maintenance
5%
$192
Other
0%
$0