This property looks like a bad Long-Term investment with a projected -26.84% first-year return on $146k initial cash invested.
-26.84%
Cash On Cash
1.11%
Cap Rate
0.17
DSCR
$1,560
Rent
-$3,264
Cashflow
Cash Flow
$1,560 income − $4,824 expenses = $3,264 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
$1,560
Total Expenses
$4,824
Mortgage P&I
245%
$3,828
Property Taxes
22%
$347
Home Insurance
16%
$243
HOA
0%
$0
Property Management
10%
$156
CapEx
5%
$78
Vacancy
6%
$94
Maintenance
5%
$78
Other
0%
$0