This property looks like a bad Long-Term investment with a projected -16.11% first-year return on $148k initial cash invested.
-16.11%
Cash On Cash
3.18%
Cap Rate
0.5
DSCR
$2,977
Rent
-$1,990
Cashflow
Cash Flow
$2,977 income − $4,967 expenses = $1,990 out of pocket
Investment Breakdown
|
Purchase Price
$706k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,060
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,977
Total Expenses
$4,967
Mortgage P&I
125%
$3,712
Property Taxes
7%
$209
Home Insurance
9%
$271
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0