This property looks like a bad Long-Term investment with a projected -20.02% first-year return on $147k initial cash invested.
-20.02%
Cash On Cash
2.59%
Cap Rate
0.39
DSCR
$2,665
Rent
-$2,449
Cashflow
Cash Flow
$2,665 income − $5,114 expenses = $2,449 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,665
Total Expenses
$5,114
Mortgage P&I
143%
$3,823
Property Taxes
13%
$354
Home Insurance
9%
$245
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$160
Maintenance
5%
$133
Other
0%
$0