This property looks like a bad Long-Term investment with a projected -28.95% first-year return on $147k initial cash invested.
-28.95%
Cash On Cash
0.69%
Cap Rate
0.1
DSCR
$1,822
Rent
-$3,537
Cashflow
Cash Flow
$1,822 income − $5,359 expenses = $3,537 out of pocket
Investment Breakdown
|
Purchase Price
$698k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$6,982
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,822
Total Expenses
$5,359
Mortgage P&I
211%
$3,845
Property Taxes
43%
$779
Home Insurance
14%
$262
HOA
0%
$0
Property Management
10%
$182
CapEx
5%
$91
Vacancy
6%
$109
Maintenance
5%
$91
Other
0%
$0