This property looks like a bad Long-Term investment with a projected -17.71% first-year return on $146k initial cash invested.
-17.71%
Cash On Cash
2.92%
Cap Rate
0.46
DSCR
$3,013
Rent
-$2,153
Cashflow
Cash Flow
$3,013 income − $5,166 expenses = $2,153 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,946
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,013
Total Expenses
$5,166
Mortgage P&I
123%
$3,692
Property Taxes
14%
$414
Home Insurance
9%
$276
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0