This property looks like a bad Long-Term investment with a projected -16.92% first-year return on $149k initial cash invested.
-16.92%
Cash On Cash
2.76%
Cap Rate
0.46
DSCR
$2,975
Rent
-$2,097
Cashflow
Cash Flow
$2,975 income − $5,072 expenses = $2,097 out of pocket
Investment Breakdown
|
Purchase Price
$708k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$142k
Closing costs
1%
$7,081
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,975
Total Expenses
$5,072
Mortgage P&I
120%
$3,575
Property Taxes
16%
$478
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0