This property looks like a bad Long-Term investment with a projected -18.35% first-year return on $148k initial cash invested.
-18.35%
Cash On Cash
2.84%
Cap Rate
0.44
DSCR
$3,281
Rent
-$2,267
Cashflow
Cash Flow
$3,281 income − $5,548 expenses = $2,267 out of pocket
Investment Breakdown
|
Purchase Price
$706k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,058
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,281
Total Expenses
$5,548
Mortgage P&I
115%
$3,772
Property Taxes
21%
$673
Home Insurance
8%
$250
HOA
0%
$0
Property Management
10%
$328
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0