This property looks like a bad Long-Term investment with a projected -17.15% first-year return on $147k initial cash invested.
-17.15%
Cash On Cash
3.02%
Cap Rate
0.47
DSCR
$2,837
Rent
-$2,100
Cashflow
Cash Flow
$2,837 income − $4,937 expenses = $2,100 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%
$6,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,837
Total Expenses
$4,937
Mortgage P&I
131%
$3,720
Property Taxes
8%
$234
Home Insurance
9%
$245
HOA
0%
$0
Property Management
10%
$284
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0