This property looks like a bad Long-Term investment with a projected -26.77% first-year return on $147k initial cash invested.
-26.77%
Cash On Cash
0.67%
Cap Rate
0.11
DSCR
$2,179
Rent
-$3,275
Cashflow
Cash Flow
$2,179 income − $5,454 expenses = $3,275 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,179
Total Expenses
$5,454
Mortgage P&I
163%
$3,556
Property Taxes
50%
$1,086
Home Insurance
11%
$245
HOA
0%
$0
Property Management
10%
$218
CapEx
5%
$109
Vacancy
6%
$131
Maintenance
5%
$109
Other
0%
$0