This property looks like a bad Long-Term investment with a projected -20.27% first-year return on $147k initial cash invested.
-20.27%
Cash On Cash
2.08%
Cap Rate
0.34
DSCR
$2,259
Rent
-$2,480
Cashflow
Cash Flow
$2,259 income − $4,739 expenses = $2,480 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,259
Total Expenses
$4,739
Mortgage P&I
158%
$3,580
Property Taxes
13%
$303
Home Insurance
11%
$245
HOA
1%
$23
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0