This property looks like a bad Long-Term investment with a projected -16.52% first-year return on $146k initial cash invested.
-16.52%
Cash On Cash
3.46%
Cap Rate
0.52
DSCR
$3,435
Rent
-$2,006
Cashflow
Cash Flow
$3,435 income − $5,441 expenses = $2,006 out of pocket
Investment Breakdown
|
Purchase Price
$694k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,937
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,435
Total Expenses
$5,441
Mortgage P&I
112%
$3,836
Property Taxes
14%
$466
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0