This property looks like a bad Long-Term investment with a projected -13.27% first-year return on $147k initial cash invested.
-13.27%
Cash On Cash
3.95%
Cap Rate
0.62
DSCR
$3,777
Rent
-$1,623
Cashflow
Cash Flow
$3,777 income − $5,400 expenses = $1,623 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,777
Total Expenses
$5,400
Mortgage P&I
99%
$3,737
Property Taxes
12%
$435
Home Insurance
6%
$245
HOA
0%
$0
Property Management
10%
$378
CapEx
5%
$189
Vacancy
6%
$227
Maintenance
5%
$189
Other
0%
$0