This property looks like a bad Long-Term investment with a projected -18.41% first-year return on $146k initial cash invested.
-18.41%
Cash On Cash
3.05%
Cap Rate
0.46
DSCR
$2,851
Rent
-$2,239
Cashflow
Cash Flow
$2,851 income − $5,090 expenses = $2,239 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,949
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,851
Total Expenses
$5,090
Mortgage P&I
136%
$3,865
Property Taxes
6%
$173
Home Insurance
9%
$243
HOA
2%
$67
Property Management
10%
$285
CapEx
5%
$143
Vacancy
6%
$171
Maintenance
5%
$143
Other
0%
$0