This property looks like a bad Long-Term investment with a projected -14.88% first-year return on $146k initial cash invested.
-14.88%
Cash On Cash
3.54%
Cap Rate
0.56
DSCR
$3,621
Rent
-$1,815
Cashflow
Cash Flow
$3,621 income − $5,436 expenses = $1,815 out of pocket
Investment Breakdown
|
Purchase Price
$697k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,972
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,621
Total Expenses
$5,436
Mortgage P&I
102%
$3,690
Property Taxes
15%
$560
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$362
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0