This property looks like a bad Long-Term investment with a projected -18.06% first-year return on $146k initial cash invested.
-18.06%
Cash On Cash
3.12%
Cap Rate
0.47
DSCR
$3,226
Rent
-$2,197
Cashflow
Cash Flow
$3,226 income − $5,423 expenses = $2,197 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,226
Total Expenses
$5,423
Mortgage P&I
119%
$3,843
Property Taxes
15%
$498
Home Insurance
8%
$243
HOA
0%
$0
Property Management
10%
$323
CapEx
5%
$161
Vacancy
6%
$194
Maintenance
5%
$161
Other
0%
$0