This property looks like a bad Long-Term investment with a projected -12.82% first-year return on $146k initial cash invested.
-12.82%
Cash On Cash
3.96%
Cap Rate
0.63
DSCR
$4,347
Rent
-$1,560
Cashflow
Cash Flow
$4,347 income − $5,907 expenses = $1,560 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,954
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,347
Total Expenses
$5,907
Mortgage P&I
84%
$3,636
Property Taxes
21%
$898
Home Insurance
6%
$243
HOA
0%
$0
Property Management
10%
$435
CapEx
5%
$217
Vacancy
6%
$261
Maintenance
5%
$217
Other
0%
$0