This property looks like a bad Long-Term investment with a projected -14.48% first-year return on $147k initial cash invested.
-14.48%
Cash On Cash
3.4%
Cap Rate
0.55
DSCR
$3,166
Rent
-$1,771
Cashflow
Cash Flow
$3,166 income − $4,937 expenses = $1,771 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,166
Total Expenses
$4,937
Mortgage P&I
113%
$3,592
Property Taxes
9%
$277
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$317
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0