This property looks like a bad Long-Term investment with a projected -20.13% first-year return on $147k initial cash invested.
-20.13%
Cash On Cash
2.07%
Cap Rate
0.34
DSCR
$2,031
Rent
-$2,462
Cashflow
Cash Flow
$2,031 income − $4,493 expenses = $2,462 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
$2,031
Total Expenses
$4,493
Mortgage P&I
175%
$3,563
Property Taxes
8%
$156
Home Insurance
12%
$245
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0