This property looks like a bad Long-Term investment with a projected -16.62% first-year return on $146k initial cash invested.
-16.62%
Cash On Cash
3.23%
Cap Rate
0.5
DSCR
$2,745
Rent
-$2,022
Cashflow
Cash Flow
$2,745 income − $4,767 expenses = $2,022 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,745
Total Expenses
$4,767
Mortgage P&I
137%
$3,753
Property Taxes
2%
$58
Home Insurance
9%
$243
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0