This property looks like a bad Long-Term investment with a projected -19.24% first-year return on $147k initial cash invested.
-19.24%
Cash On Cash
2.84%
Cap Rate
0.43
DSCR
$2,820
Rent
-$2,356
Cashflow
Cash Flow
$2,820 income − $5,176 expenses = $2,356 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$6,998
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,820
Total Expenses
$5,176
Mortgage P&I
137%
$3,870
Property Taxes
11%
$319
Home Insurance
9%
$254
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0