This property looks like a bad Long-Term investment with a projected -19.47% first-year return on $148k initial cash invested.
-19.47%
Cash On Cash
2.48%
Cap Rate
0.39
DSCR
$2,516
Rent
-$2,394
Cashflow
Cash Flow
$2,516 income − $4,910 expenses = $2,394 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%
$7,026
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,516
Total Expenses
$4,910
Mortgage P&I
148%
$3,720
Property Taxes
11%
$283
Home Insurance
10%
$252
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0