This property looks like a bad Long-Term investment with a projected -20.22% first-year return on $147k initial cash invested.
-20.22%
Cash On Cash
2.83%
Cap Rate
0.41
DSCR
$2,906
Rent
-$2,474
Cashflow
Cash Flow
$2,906 income − $5,380 expenses = $2,474 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.7%
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
$2,906
Total Expenses
$5,380
Mortgage P&I
137%
$3,976
Property Taxes
14%
$404
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$291
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0