This property looks like a bad Long-Term investment with a projected -22.37% first-year return on $146k initial cash invested.
-22.37%
Cash On Cash
2.03%
Cap Rate
0.31
DSCR
$1,983
Rent
-$2,712
Cashflow
Cash Flow
$1,983 income − $4,695 expenses = $2,712 out of pocket
Investment Breakdown
|
Purchase Price
$693k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,929
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,983
Total Expenses
$4,695
Mortgage P&I
191%
$3,786
Property Taxes
7%
$140
Home Insurance
13%
$254
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0