This property looks like a bad Long-Term investment with a projected -23.57% first-year return on $146k initial cash invested.
-23.57%
Cash On Cash
1.59%
Cap Rate
0.25
DSCR
$2,136
Rent
-$2,860
Cashflow
Cash Flow
$2,136 income − $4,996 expenses = $2,860 out of pocket
Investment Breakdown
|
Purchase Price
$693k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$146k
Downpayment
20%
$139k
Closing costs
1%
$6,933
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,136
Total Expenses
$4,996
Mortgage P&I
172%
$3,670
Property Taxes
23%
$499
Home Insurance
13%
$271
HOA
0%
$0
Property Management
10%
$214
CapEx
5%
$107
Vacancy
6%
$128
Maintenance
5%
$107
Other
0%
$0