This property looks like a bad Long-Term investment with a projected -15.61% first-year return on $146k initial cash invested.
-15.61%
Cash On Cash
3.34%
Cap Rate
0.53
DSCR
$3,102
Rent
-$1,898
Cashflow
Cash Flow
$3,102 income − $5,000 expenses = $1,898 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%
$6,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,102
Total Expenses
$5,000
Mortgage P&I
119%
$3,679
Property Taxes
9%
$272
Home Insurance
8%
$243
HOA
0%
$0
Property Management
10%
$310
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0