This property looks like a bad Long-Term investment with a projected -5.64% first-year return on $147k initial cash invested.
-5.64%
Cash On Cash
5.58%
Cap Rate
0.88
DSCR
$5,206
Rent
-$691
Cashflow
Cash Flow
$5,206 income − $5,897 expenses = $691 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
6.9%
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
$5,206
Total Expenses
$5,897
Mortgage P&I
71%
$3,686
Property Taxes
12%
$613
Home Insurance
5%
$245
HOA
0%
$0
Property Management
10%
$521
CapEx
5%
$260
Vacancy
6%
$312
Maintenance
5%
$260
Other
0%
$0