This property looks like a bad Long-Term investment with a projected -11.05% first-year return on $146k initial cash invested.
-11.05%
Cash On Cash
4.22%
Cap Rate
0.68
DSCR
$4,053
Rent
-$1,348
Cashflow
Cash Flow
$4,053 income − $5,401 expenses = $1,348 out of pocket
Investment Breakdown
|
Purchase Price
$697k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,053
Total Expenses
$5,401
Mortgage P&I
89%
$3,596
Property Taxes
12%
$506
Home Insurance
6%
$245
HOA
0%
$0
Property Management
10%
$405
CapEx
5%
$203
Vacancy
6%
$243
Maintenance
5%
$203
Other
0%
$0