This property looks like a bad Long-Term investment with a projected -16.68% first-year return on $147k initial cash invested.
-16.68%
Cash On Cash
3.08%
Cap Rate
0.49
DSCR
$3,121
Rent
-$2,043
Cashflow
Cash Flow
$3,121 income − $5,164 expenses = $2,043 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%
$7,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,121
Total Expenses
$5,164
Mortgage P&I
118%
$3,681
Property Taxes
12%
$362
Home Insurance
8%
$245
HOA
2%
$65
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0