This property looks like a bad Long-Term investment with a projected -15.48% first-year return on $146k initial cash invested.
-15.48%
Cash On Cash
3.46%
Cap Rate
0.54
DSCR
$3,613
Rent
-$1,879
Cashflow
Cash Flow
$3,613 income − $5,492 expenses = $1,879 out of pocket
Investment Breakdown
|
Purchase Price
$694k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,937
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,613
Total Expenses
$5,492
Mortgage P&I
102%
$3,701
Property Taxes
17%
$610
Home Insurance
7%
$241
HOA
0%
$0
Property Management
10%
$361
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0