This property looks like a bad Long-Term investment with a projected -14.07% first-year return on $147k initial cash invested.
-14.07%
Cash On Cash
3.74%
Cap Rate
0.58
DSCR
$3,377
Rent
-$1,721
Cashflow
Cash Flow
$3,377 income − $5,098 expenses = $1,721 out of pocket
Investment Breakdown
|
Purchase Price
$699k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$6,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,377
Total Expenses
$5,098
Mortgage P&I
110%
$3,730
Property Taxes
7%
$244
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$338
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0