This property looks like a bad Long-Term investment with a projected -22.55% first-year return on $147k initial cash invested.
-22.55%
Cash On Cash
1.6%
Cap Rate
0.26
DSCR
$1,676
Rent
-$2,758
Cashflow
Cash Flow
$1,676 income − $4,434 expenses = $2,758 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.7%
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
$1,676
Total Expenses
$4,434
Mortgage P&I
215%
$3,604
Property Taxes
9%
$148
Home Insurance
15%
$245
HOA
0%
$0
Property Management
10%
$168
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0