This property looks like a bad Long-Term investment with a projected -20.72% first-year return on $149k initial cash invested.
-20.72%
Cash On Cash
2.51%
Cap Rate
0.38
DSCR
$3,001
Rent
-$2,565
Cashflow
Cash Flow
$3,001 income − $5,566 expenses = $2,565 out of pocket
Investment Breakdown
|
Purchase Price
$707k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$141k
Closing costs
1%
$7,073
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,001
Total Expenses
$5,566
Mortgage P&I
130%
$3,896
Property Taxes
18%
$528
Home Insurance
8%
$248
HOA
4%
$114
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0