This property looks like a bad Long-Term investment with a projected -16.73% first-year return on $147k initial cash invested.
-16.73%
Cash On Cash
3.4%
Cap Rate
0.51
DSCR
$3,341
Rent
-$2,055
Cashflow
Cash Flow
$3,341 income − $5,396 expenses = $2,055 out of pocket
Investment Breakdown
|
Purchase Price
$702k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$7,021
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,341
Total Expenses
$5,396
Mortgage P&I
116%
$3,879
Property Taxes
11%
$376
Home Insurance
8%
$273
HOA
0%
$0
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$200
Maintenance
5%
$167
Other
0%
$0