This property looks like a bad Long-Term investment with a projected -18.24% first-year return on $146k initial cash invested.
-18.24%
Cash On Cash
2.51%
Cap Rate
0.41
DSCR
$2,863
Rent
-$2,219
Cashflow
Cash Flow
$2,863 income − $5,082 expenses = $2,219 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,863
Total Expenses
$5,082
Mortgage P&I
123%
$3,529
Property Taxes
13%
$383
Home Insurance
8%
$243
HOA
6%
$183
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0