This property looks like a bad Long-Term investment with a projected -19.77% first-year return on $147k initial cash invested.
-19.77%
Cash On Cash
2.46%
Cap Rate
0.38
DSCR
$2,382
Rent
-$2,418
Cashflow
Cash Flow
$2,382 income − $4,800 expenses = $2,418 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,382
Total Expenses
$4,800
Mortgage P&I
157%
$3,734
Property Taxes
8%
$202
Home Insurance
10%
$245
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0