This property looks like a bad Long-Term investment with a projected -15.69% first-year return on $147k initial cash invested.
-15.69%
Cash On Cash
3.51%
Cap Rate
0.54
DSCR
$3,107
Rent
-$1,922
Cashflow
Cash Flow
$3,107 income − $5,029 expenses = $1,922 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,107
Total Expenses
$5,029
Mortgage P&I
123%
$3,816
Property Taxes
5%
$161
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0