This property looks like a bad Long-Term investment with a projected -17.11% first-year return on $147k initial cash invested.
-17.11%
Cash On Cash
2.82%
Cap Rate
0.46
DSCR
$3,501
Rent
-$2,100
Cashflow
Cash Flow
$3,501 income − $5,601 expenses = $2,100 out of pocket
Investment Breakdown
|
Purchase Price
$701k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$7,014
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,501
Total Expenses
$5,601
Mortgage P&I
102%
$3,574
Property Taxes
25%
$875
Home Insurance
7%
$242
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0