This property looks like a bad Long-Term investment with a projected -15.22% first-year return on $146k initial cash invested.
-15.22%
Cash On Cash
3.66%
Cap Rate
0.56
DSCR
$4,116
Rent
-$1,853
Cashflow
Cash Flow
$4,116 income − $5,969 expenses = $1,853 out of pocket
Investment Breakdown
|
Purchase Price
$696k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,956
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,116
Total Expenses
$5,969
Mortgage P&I
92%
$3,768
Property Taxes
22%
$887
Home Insurance
6%
$243
HOA
0%
$0
Property Management
10%
$412
CapEx
5%
$206
Vacancy
6%
$247
Maintenance
5%
$206
Other
0%
$0