This property looks like a bad Long-Term investment with a projected -15.65% first-year return on $147k initial cash invested.
-15.65%
Cash On Cash
3.62%
Cap Rate
0.55
DSCR
$3,635
Rent
-$1,917
Cashflow
Cash Flow
$3,635 income − $5,552 expenses = $1,917 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$6,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,635
Total Expenses
$5,552
Mortgage P&I
106%
$3,846
Property Taxes
14%
$515
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$364
CapEx
5%
$182
Vacancy
6%
$218
Maintenance
5%
$182
Other
0%
$0