This property looks like a bad Long-Term investment with a projected -18.35% first-year return on $146k initial cash invested.
-18.35%
Cash On Cash
2.53%
Cap Rate
0.41
DSCR
$2,697
Rent
-$2,228
Cashflow
Cash Flow
$2,697 income − $4,925 expenses = $2,228 out of pocket
Investment Breakdown
|
Purchase Price
$694k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,937
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,697
Total Expenses
$4,925
Mortgage P&I
132%
$3,558
Property Taxes
15%
$415
Home Insurance
9%
$245
HOA
0%
$5
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0