This property looks like a bad Long-Term investment with a projected -8.67% first-year return on $146k initial cash invested.
-8.67%
Cash On Cash
4.88%
Cap Rate
0.78
DSCR
$4,917
Rent
-$1,057
Cashflow
Cash Flow
$4,917 income − $5,974 expenses = $1,057 out of pocket
Investment Breakdown
|
Purchase Price
$697k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,917
Total Expenses
$5,974
Mortgage P&I
74%
$3,644
Property Taxes
12%
$590
Home Insurance
5%
$252
HOA
4%
$209
Property Management
10%
$492
CapEx
5%
$246
Vacancy
6%
$295
Maintenance
5%
$246
Other
0%
$0