This property looks like a bad Long-Term investment with a projected -13.47% first-year return on $146k initial cash invested.
-13.47%
Cash On Cash
3.71%
Cap Rate
0.6
DSCR
$4,275
Rent
-$1,640
Cashflow
Cash Flow
$4,275 income − $5,915 expenses = $1,640 out of pocket
Investment Breakdown
|
Purchase Price
$696k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,956
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,275
Total Expenses
$5,915
Mortgage P&I
84%
$3,574
Property Taxes
23%
$984
Home Insurance
6%
$245
HOA
0%
$0
Property Management
10%
$428
CapEx
5%
$214
Vacancy
6%
$256
Maintenance
5%
$214
Other
0%
$0