This property looks like a bad Long-Term investment with a projected -13.64% first-year return on $146k initial cash invested.
-13.64%
Cash On Cash
3.98%
Cap Rate
0.61
DSCR
$3,769
Rent
-$1,658
Cashflow
Cash Flow
$3,769 income − $5,427 expenses = $1,658 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,947
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,769
Total Expenses
$5,427
Mortgage P&I
100%
$3,775
Property Taxes
11%
$428
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$377
CapEx
5%
$188
Vacancy
6%
$226
Maintenance
5%
$188
Other
0%
$0