This property looks like a bad Long-Term investment with a projected -16.03% first-year return on $148k initial cash invested.
-16.03%
Cash On Cash
3.76%
Cap Rate
0.55
DSCR
$3,853
Rent
-$1,977
Cashflow
Cash Flow
$3,853 income − $5,830 expenses = $1,977 out of pocket
Investment Breakdown
|
Purchase Price
$705k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,049
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,853
Total Expenses
$5,830
Mortgage P&I
104%
$3,991
Property Taxes
15%
$585
Home Insurance
7%
$252
HOA
0%
$0
Property Management
10%
$385
CapEx
5%
$193
Vacancy
6%
$231
Maintenance
5%
$193
Other
0%
$0