This property looks like a bad Long-Term investment with a projected -20.58% first-year return on $147k initial cash invested.
-20.58%
Cash On Cash
2.34%
Cap Rate
0.37
DSCR
$2,895
Rent
-$2,521
Cashflow
Cash Flow
$2,895 income − $5,416 expenses = $2,521 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$7,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,895
Total Expenses
$5,416
Mortgage P&I
129%
$3,742
Property Taxes
23%
$675
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0