This property looks like a bad Long-Term investment with a projected -12.13% first-year return on $146k initial cash invested.
-12.13%
Cash On Cash
3.83%
Cap Rate
0.63
DSCR
$3,645
Rent
-$1,473
Cashflow
Cash Flow
$3,645 income − $5,118 expenses = $1,473 out of pocket
Investment Breakdown
|
Purchase Price
$694k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,939
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,645
Total Expenses
$5,118
Mortgage P&I
96%
$3,508
Property Taxes
11%
$418
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$364
CapEx
5%
$182
Vacancy
6%
$219
Maintenance
5%
$182
Other
0%
$0