This property looks like a bad Long-Term investment with a projected -16.89% first-year return on $148k initial cash invested.
-16.89%
Cash On Cash
3.37%
Cap Rate
0.51
DSCR
$3,371
Rent
-$2,077
Cashflow
Cash Flow
$3,371 income − $5,448 expenses = $2,077 out of pocket
Investment Breakdown
|
Purchase Price
$703k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,028
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,371
Total Expenses
$5,448
Mortgage P&I
115%
$3,883
Property Taxes
14%
$460
Home Insurance
7%
$228
HOA
0%
$0
Property Management
10%
$337
CapEx
5%
$169
Vacancy
6%
$202
Maintenance
5%
$169
Other
0%
$0