This property looks like a bad Long-Term investment with a projected -23.07% first-year return on $147k initial cash invested.
-23.07%
Cash On Cash
1.69%
Cap Rate
0.27
DSCR
$2,171
Rent
-$2,822
Cashflow
Cash Flow
$2,171 income − $4,993 expenses = $2,822 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,171
Total Expenses
$4,993
Mortgage P&I
170%
$3,700
Property Taxes
22%
$483
Home Insurance
11%
$245
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$109
Vacancy
6%
$130
Maintenance
5%
$109
Other
0%
$0