This property looks like a bad Long-Term investment with a projected -20.79% first-year return on $147k initial cash invested.
-20.79%
Cash On Cash
1.85%
Cap Rate
0.31
DSCR
$2,343
Rent
-$2,540
Cashflow
Cash Flow
$2,343 income − $4,883 expenses = $2,540 out of pocket
Investment Breakdown
|
Purchase Price
$698k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$6,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,343
Total Expenses
$4,883
Mortgage P&I
149%
$3,498
Property Taxes
22%
$521
Home Insurance
11%
$255
HOA
0%
$0
Property Management
10%
$234
CapEx
5%
$117
Vacancy
6%
$141
Maintenance
5%
$117
Other
0%
$0