This property looks like a bad Long-Term investment with a projected -21.44% first-year return on $146k initial cash invested.
-21.44%
Cash On Cash
2.18%
Cap Rate
0.34
DSCR
$3,310
Rent
-$2,616
Cashflow
Cash Flow
$3,310 income − $5,926 expenses = $2,616 out of pocket
Investment Breakdown
|
Purchase Price
$697k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,971
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,310
Total Expenses
$5,926
Mortgage P&I
112%
$3,717
Property Taxes
20%
$672
Home Insurance
7%
$241
HOA
13%
$434
Property Management
10%
$331
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0