This property looks like a bad Long-Term investment with a projected -18.62% first-year return on $146k initial cash invested.
-18.62%
Cash On Cash
2.73%
Cap Rate
0.43
DSCR
$3,163
Rent
-$2,261
Cashflow
Cash Flow
$3,163 income − $5,424 expenses = $2,261 out of pocket
Investment Breakdown
|
Purchase Price
$694k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,937
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,163
Total Expenses
$5,424
Mortgage P&I
116%
$3,682
Property Taxes
18%
$561
Home Insurance
11%
$359
HOA
0%
$0
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0