This property looks like a bad Long-Term investment with a projected -17.68% first-year return on $147k initial cash invested.
-17.68%
Cash On Cash
2.69%
Cap Rate
0.44
DSCR
$3,559
Rent
-$2,162
Cashflow
Cash Flow
$3,559 income − $5,721 expenses = $2,162 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%
$6,987
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,559
Total Expenses
$5,721
Mortgage P&I
100%
$3,550
Property Taxes
27%
$953
Home Insurance
8%
$292
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0