This property looks like a bad Long-Term investment with a projected -19.19% first-year return on $148k initial cash invested.
-19.19%
Cash On Cash
2.64%
Cap Rate
0.41
DSCR
$3,133
Rent
-$2,360
Cashflow
Cash Flow
$3,133 income − $5,493 expenses = $2,360 out of pocket
Investment Breakdown
|
Purchase Price
$703k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,028
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,133
Total Expenses
$5,493
Mortgage P&I
120%
$3,748
Property Taxes
22%
$686
Home Insurance
8%
$244
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$157
Vacancy
6%
$188
Maintenance
5%
$157
Other
0%
$0