This property looks like a bad Long-Term investment with a projected -12.06% first-year return on $147k initial cash invested.
-12.06%
Cash On Cash
3.94%
Cap Rate
0.65
DSCR
$4,579
Rent
-$1,476
Cashflow
Cash Flow
$4,579 income − $6,055 expenses = $1,476 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$6,992
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,579
Total Expenses
$6,055
Mortgage P&I
77%
$3,540
Property Taxes
24%
$1,079
Home Insurance
5%
$245
HOA
0%
$0
Property Management
10%
$458
CapEx
5%
$229
Vacancy
6%
$275
Maintenance
5%
$229
Other
0%
$0