This property looks like a bad Long-Term investment with a projected -18.2% first-year return on $147k initial cash invested.
-18.2%
Cash On Cash
2.53%
Cap Rate
0.41
DSCR
$2,571
Rent
-$2,229
Cashflow
Cash Flow
$2,571 income − $4,800 expenses = $2,229 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,571
Total Expenses
$4,800
Mortgage P&I
139%
$3,577
Property Taxes
12%
$309
Home Insurance
10%
$245
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$129
Vacancy
6%
$154
Maintenance
5%
$129
Other
0%
$0