This property looks like a bad Long-Term investment with a projected -15.32% first-year return on $146k initial cash invested.
-15.32%
Cash On Cash
3.02%
Cap Rate
0.5
DSCR
$2,545
Rent
-$1,864
Cashflow
Cash Flow
$2,545 income − $4,409 expenses = $1,864 out of pocket
Investment Breakdown
|
Purchase Price
$695k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,951
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,545
Total Expenses
$4,409
Mortgage P&I
137%
$3,486
Property Taxes
1%
$19
Home Insurance
10%
$243
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0