This property looks like a bad Long-Term investment with a projected -15.76% first-year return on $147k initial cash invested.
-15.76%
Cash On Cash
3.6%
Cap Rate
0.55
DSCR
$3,595
Rent
-$1,930
Cashflow
Cash Flow
$3,595 income − $5,525 expenses = $1,930 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%
$7,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,595
Total Expenses
$5,525
Mortgage P&I
107%
$3,848
Property Taxes
14%
$496
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$360
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0