This property looks like a bad Long-Term investment with a projected -14.81% first-year return on $147k initial cash invested.
-14.81%
Cash On Cash
3.67%
Cap Rate
0.57
DSCR
$3,755
Rent
-$1,812
Cashflow
Cash Flow
$3,755 income − $5,567 expenses = $1,812 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$6,991
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,755
Total Expenses
$5,567
Mortgage P&I
100%
$3,763
Property Taxes
15%
$565
Home Insurance
7%
$262
HOA
0%
$0
Property Management
10%
$376
CapEx
5%
$188
Vacancy
6%
$225
Maintenance
5%
$188
Other
0%
$0