This property looks like a bad Long-Term investment with a projected -20.81% first-year return on $147k initial cash invested.
-20.81%
Cash On Cash
2.42%
Cap Rate
0.37
DSCR
$3,275
Rent
-$2,546
Cashflow
Cash Flow
$3,275 income − $5,821 expenses = $2,546 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,275
Total Expenses
$5,821
Mortgage P&I
116%
$3,794
Property Taxes
28%
$930
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$196
Maintenance
5%
$164
Other
0%
$0