This property looks like a bad Long-Term investment with a projected -25.15% first-year return on $146k initial cash invested.
-25.15%
Cash On Cash
1.47%
Cap Rate
0.22
DSCR
$1,787
Rent
-$3,059
Cashflow
Cash Flow
$1,787 income − $4,846 expenses = $3,059 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,787
Total Expenses
$4,846
Mortgage P&I
214%
$3,820
Property Taxes
18%
$319
Home Insurance
14%
$243
HOA
0%
$0
Property Management
10%
$179
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0