This property looks like a bad Long-Term investment with a projected -20.01% first-year return on $148k initial cash invested.
-20.01%
Cash On Cash
2.64%
Cap Rate
0.4
DSCR
$2,650
Rent
-$2,472
Cashflow
Cash Flow
$2,650 income − $5,122 expenses = $2,472 out of pocket
Investment Breakdown
|
Purchase Price
$706k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,061
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,650
Total Expenses
$5,122
Mortgage P&I
147%
$3,891
Property Taxes
11%
$281
Home Insurance
10%
$262
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0