This property looks like a bad Long-Term investment with a projected -15.71% first-year return on $146k initial cash invested.
-15.71%
Cash On Cash
3.03%
Cap Rate
0.5
DSCR
$3,396
Rent
-$1,911
Cashflow
Cash Flow
$3,396 income − $5,307 expenses = $1,911 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,396
Total Expenses
$5,307
Mortgage P&I
103%
$3,497
Property Taxes
20%
$683
Home Insurance
7%
$243
HOA
0%
$0
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0