This property looks like a bad Long-Term investment with a projected -15.21% first-year return on $146k initial cash invested.
-15.21%
Cash On Cash
3.72%
Cap Rate
0.56
DSCR
$3,736
Rent
-$1,852
Cashflow
Cash Flow
$3,736 income − $5,588 expenses = $1,852 out of pocket
Investment Breakdown
|
Purchase Price
$696k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,957
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,736
Total Expenses
$5,588
Mortgage P&I
102%
$3,823
Property Taxes
15%
$548
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$374
CapEx
5%
$187
Vacancy
6%
$224
Maintenance
5%
$187
Other
0%
$0