This property looks like a bad Long-Term investment with a projected -16.8% first-year return on $147k initial cash invested.
-16.8%
Cash On Cash
2.8%
Cap Rate
0.46
DSCR
$2,915
Rent
-$2,055
Cashflow
Cash Flow
$2,915 income − $4,970 expenses = $2,055 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,915
Total Expenses
$4,970
Mortgage P&I
121%
$3,539
Property Taxes
15%
$427
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0