This property looks like a bad Long-Term investment with a projected -23.69% first-year return on $147k initial cash invested.
-23.69%
Cash On Cash
1.72%
Cap Rate
0.26
DSCR
$2,430
Rent
-$2,898
Cashflow
Cash Flow
$2,430 income − $5,328 expenses = $2,898 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
$2,430
Total Expenses
$5,328
Mortgage P&I
155%
$3,775
Property Taxes
24%
$592
Home Insurance
10%
$245
HOA
3%
$83
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0