This property looks like a bad Long-Term investment with a projected -17.4% first-year return on $147k initial cash invested.
-17.4%
Cash On Cash
3.14%
Cap Rate
0.48
DSCR
$3,495
Rent
-$2,128
Cashflow
Cash Flow
$3,495 income − $5,623 expenses = $2,128 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,495
Total Expenses
$5,623
Mortgage P&I
108%
$3,781
Property Taxes
20%
$687
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0