This property looks like a bad Long-Term investment with a projected -16.83% first-year return on $147k initial cash invested.
-16.83%
Cash On Cash
3.34%
Cap Rate
0.51
DSCR
$3,583
Rent
-$2,059
Cashflow
Cash Flow
$3,583 income − $5,642 expenses = $2,059 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,583
Total Expenses
$5,642
Mortgage P&I
107%
$3,825
Property Taxes
18%
$641
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$358
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0