This property looks like a bad Long-Term investment with a projected -24.51% first-year return on $146k initial cash invested.
-24.51%
Cash On Cash
1.66%
Cap Rate
0.25
DSCR
$2,097
Rent
-$2,985
Cashflow
Cash Flow
$2,097 income − $5,082 expenses = $2,985 out of pocket
Investment Breakdown
|
Purchase Price
$696k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,960
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,097
Total Expenses
$5,082
Mortgage P&I
183%
$3,845
Property Taxes
21%
$439
Home Insurance
12%
$252
HOA
0%
$0
Property Management
10%
$210
CapEx
5%
$105
Vacancy
6%
$126
Maintenance
5%
$105
Other
0%
$0