This property looks like a bad Long-Term investment with a projected -18.08% first-year return on $146k initial cash invested.
-18.08%
Cash On Cash
2.97%
Cap Rate
0.45
DSCR
$2,633
Rent
-$2,199
Cashflow
Cash Flow
$2,633 income − $4,832 expenses = $2,199 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%
$6,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,633
Total Expenses
$4,832
Mortgage P&I
144%
$3,788
Property Taxes
4%
$116
Home Insurance
9%
$243
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0