This property looks like a bad Long-Term investment with a projected -20.46% first-year return on $146k initial cash invested.
-20.46%
Cash On Cash
2.56%
Cap Rate
0.39
DSCR
$3,047
Rent
-$2,489
Cashflow
Cash Flow
$3,047 income − $5,536 expenses = $2,489 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,047
Total Expenses
$5,536
Mortgage P&I
125%
$3,818
Property Taxes
22%
$683
Home Insurance
8%
$243
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0