This property looks like a bad Long-Term investment with a projected -6.53% first-year return on $146k initial cash invested.
-6.53%
Cash On Cash
5.45%
Cap Rate
0.85
DSCR
$4,699
Rent
-$794
Cashflow
Cash Flow
$4,699 income − $5,493 expenses = $794 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
$4,699
Total Expenses
$5,493
Mortgage P&I
79%
$3,715
Property Taxes
6%
$297
Home Insurance
6%
$259
HOA
0%
$0
Property Management
10%
$470
CapEx
5%
$235
Vacancy
6%
$282
Maintenance
5%
$235
Other
0%
$0