This property looks like a bad Long-Term investment with a projected -17.45% first-year return on $147k initial cash invested.
-17.45%
Cash On Cash
2.72%
Cap Rate
0.44
DSCR
$2,527
Rent
-$2,131
Cashflow
Cash Flow
$2,527 income − $4,658 expenses = $2,131 out of pocket
Investment Breakdown
|
Purchase Price
$698k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$6,977
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,527
Total Expenses
$4,658
Mortgage P&I
142%
$3,584
Property Taxes
6%
$163
Home Insurance
10%
$254
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0