This property looks like a bad Long-Term investment with a projected -12.91% first-year return on $148k initial cash invested.
-12.91%
Cash On Cash
3.7%
Cap Rate
0.61
DSCR
$3,678
Rent
-$1,596
Cashflow
Cash Flow
$3,678 income − $5,274 expenses = $1,596 out of pocket
Investment Breakdown
|
Purchase Price
$706k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,063
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,678
Total Expenses
$5,274
Mortgage P&I
98%
$3,590
Property Taxes
13%
$473
Home Insurance
7%
$254
HOA
0%
$0
Property Management
10%
$368
CapEx
5%
$184
Vacancy
6%
$221
Maintenance
5%
$184
Other
0%
$0