This property looks like a bad Long-Term investment with a projected -13.4% first-year return on $149k initial cash invested.
-13.4%
Cash On Cash
4.31%
Cap Rate
0.64
DSCR
$4,414
Rent
-$1,658
Cashflow
Cash Flow
$4,414 income − $6,072 expenses = $1,658 out of pocket
Investment Breakdown
|
Purchase Price
$707k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$141k
Closing costs
1%
$7,073
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,414
Total Expenses
$6,072
Mortgage P&I
90%
$3,977
Property Taxes
16%
$693
Home Insurance
6%
$254
HOA
0%
$0
Property Management
10%
$441
CapEx
5%
$221
Vacancy
6%
$265
Maintenance
5%
$221
Other
0%
$0