This property looks like a bad Long-Term investment with a projected -21.3% first-year return on $146k initial cash invested.
-21.3%
Cash On Cash
2.37%
Cap Rate
0.36
DSCR
$2,922
Rent
-$2,591
Cashflow
Cash Flow
$2,922 income − $5,513 expenses = $2,591 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,922
Total Expenses
$5,513
Mortgage P&I
131%
$3,816
Property Taxes
24%
$695
Home Insurance
8%
$243
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0