This property looks like a bad Long-Term investment with a projected -18.73% first-year return on $146k initial cash invested.
-18.73%
Cash On Cash
2.68%
Cap Rate
0.42
DSCR
$3,124
Rent
-$2,281
Cashflow
Cash Flow
$3,124 income − $5,405 expenses = $2,281 out of pocket
Investment Breakdown
|
Purchase Price
$696k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,960
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,124
Total Expenses
$5,405
Mortgage P&I
118%
$3,681
Property Taxes
16%
$485
Home Insurance
7%
$228
HOA
6%
$200
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0