This property looks like a bad Long-Term investment with a projected -15.76% first-year return on $146k initial cash invested.
-15.76%
Cash On Cash
3.2%
Cap Rate
0.52
DSCR
$4,078
Rent
-$1,921
Cashflow
Cash Flow
$4,078 income − $5,999 expenses = $1,921 out of pocket
Investment Breakdown
|
Purchase Price
$697k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,967
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,078
Total Expenses
$5,999
Mortgage P&I
88%
$3,573
Property Taxes
28%
$1,122
Home Insurance
6%
$243
HOA
0%
$0
Property Management
10%
$408
CapEx
5%
$204
Vacancy
6%
$245
Maintenance
5%
$204
Other
0%
$0