This property looks like a bad Long-Term investment with a projected -13.58% first-year return on $147k initial cash invested.
-13.58%
Cash On Cash
3.79%
Cap Rate
0.6
DSCR
$3,302
Rent
-$1,661
Cashflow
Cash Flow
$3,302 income − $4,963 expenses = $1,661 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,302
Total Expenses
$4,963
Mortgage P&I
112%
$3,703
Property Taxes
4%
$119
Home Insurance
7%
$245
HOA
1%
$38
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0