This property looks like a bad Long-Term investment with a projected -18.05% first-year return on $146k initial cash invested.
-18.05%
Cash On Cash
3.02%
Cap Rate
0.46
DSCR
$2,995
Rent
-$2,192
Cashflow
Cash Flow
$2,995 income − $5,187 expenses = $2,192 out of pocket
Investment Breakdown
|
Purchase Price
$694k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,941
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,995
Total Expenses
$5,187
Mortgage P&I
126%
$3,788
Property Taxes
12%
$374
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0