This property looks like a bad Long-Term investment with a projected -18.19% first-year return on $148k initial cash invested.
-18.19%
Cash On Cash
2.96%
Cap Rate
0.46
DSCR
$3,508
Rent
-$2,237
Cashflow
Cash Flow
$3,508 income − $5,745 expenses = $2,237 out of pocket
Investment Breakdown
|
Purchase Price
$703k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,026
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,508
Total Expenses
$5,745
Mortgage P&I
108%
$3,798
Property Taxes
22%
$788
Home Insurance
7%
$248
HOA
0%
$0
Property Management
10%
$351
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0