This property looks like a bad Long-Term investment with a projected -16.06% first-year return on $146k initial cash invested.
-16.06%
Cash On Cash
3.57%
Cap Rate
0.54
DSCR
$3,769
Rent
-$1,948
Cashflow
Cash Flow
$3,769 income − $5,717 expenses = $1,948 out of pocket
Investment Breakdown
|
Purchase Price
$693k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,932
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,769
Total Expenses
$5,717
Mortgage P&I
101%
$3,824
Property Taxes
18%
$678
Home Insurance
6%
$236
HOA
0%
$0
Property Management
10%
$377
CapEx
5%
$188
Vacancy
6%
$226
Maintenance
5%
$188
Other
0%
$0