This property looks like a bad Long-Term investment with a projected -16.86% first-year return on $145k initial cash invested.
-16.86%
Cash On Cash
3.39%
Cap Rate
0.52
DSCR
$4,380
Rent
-$2,031
Cashflow
Cash Flow
$4,380 income − $6,411 expenses = $2,031 out of pocket
Investment Breakdown
|
Purchase Price
$689k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$145k
Downpayment
20%
$138k
Closing costs
1%
$6,885
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,380
Total Expenses
$6,411
Mortgage P&I
86%
$3,759
Property Taxes
30%
$1,293
Home Insurance
5%
$220
HOA
0%
$0
Property Management
10%
$438
CapEx
5%
$219
Vacancy
6%
$263
Maintenance
5%
$219
Other
0%
$0