This property looks like a bad Long-Term investment with a projected -14.12% first-year return on $146k initial cash invested.
-14.12%
Cash On Cash
3.47%
Cap Rate
0.57
DSCR
$3,979
Rent
-$1,723
Cashflow
Cash Flow
$3,979 income − $5,702 expenses = $1,723 out of pocket
Investment Breakdown
|
Purchase Price
$697k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,973
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,979
Total Expenses
$5,702
Mortgage P&I
89%
$3,543
Property Taxes
22%
$892
Home Insurance
6%
$232
HOA
0%
$0
Property Management
10%
$398
CapEx
5%
$199
Vacancy
6%
$239
Maintenance
5%
$199
Other
0%
$0