This property looks like a bad Long-Term investment with a projected -13.04% first-year return on $147k initial cash invested.
-13.04%
Cash On Cash
3.83%
Cap Rate
0.61
DSCR
$3,623
Rent
-$1,595
Cashflow
Cash Flow
$3,623 income − $5,218 expenses = $1,595 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.8%
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
$3,623
Total Expenses
$5,218
Mortgage P&I
101%
$3,643
Property Taxes
11%
$389
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$362
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0