This property looks like a bad Long-Term investment with a projected -17.89% first-year return on $147k initial cash invested.
-17.89%
Cash On Cash
2.82%
Cap Rate
0.45
DSCR
$3,056
Rent
-$2,191
Cashflow
Cash Flow
$3,056 income − $5,247 expenses = $2,191 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
6.9%
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
$3,056
Total Expenses
$5,247
Mortgage P&I
121%
$3,683
Property Taxes
17%
$524
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0