This property looks like a bad Long-Term investment with a projected -15.3% first-year return on $147k initial cash invested.
-15.3%
Cash On Cash
3.61%
Cap Rate
0.55
DSCR
$3,540
Rent
-$1,874
Cashflow
Cash Flow
$3,540 income − $5,414 expenses = $1,874 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$7,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,540
Total Expenses
$5,414
Mortgage P&I
107%
$3,801
Property Taxes
13%
$448
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$354
CapEx
5%
$177
Vacancy
6%
$212
Maintenance
5%
$177
Other
0%
$0