This property looks like a bad Long-Term investment with a projected -22.15% first-year return on $147k initial cash invested.
-22.15%
Cash On Cash
1.98%
Cap Rate
0.31
DSCR
$3,145
Rent
-$2,719
Cashflow
Cash Flow
$3,145 income − $5,864 expenses = $2,719 out of pocket
Investment Breakdown
|
Purchase Price
$701k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$7,013
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,145
Total Expenses
$5,864
Mortgage P&I
118%
$3,722
Property Taxes
34%
$1,080
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$189
Maintenance
5%
$157
Other
0%
$0