This property looks like a bad Long-Term investment with a projected -13.99% first-year return on $146k initial cash invested.
-13.99%
Cash On Cash
3.8%
Cap Rate
0.6
DSCR
$4,368
Rent
-$1,701
Cashflow
Cash Flow
$4,368 income − $6,069 expenses = $1,701 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,946
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,368
Total Expenses
$6,069
Mortgage P&I
84%
$3,681
Property Taxes
24%
$1,033
Home Insurance
5%
$220
HOA
0%
$0
Property Management
10%
$437
CapEx
5%
$218
Vacancy
6%
$262
Maintenance
5%
$218
Other
0%
$0