This property looks like a bad Long-Term investment with a projected -19.01% first-year return on $147k initial cash invested.
-19.01%
Cash On Cash
2.85%
Cap Rate
0.43
DSCR
$2,931
Rent
-$2,328
Cashflow
Cash Flow
$2,931 income − $5,259 expenses = $2,328 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$6,998
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,931
Total Expenses
$5,259
Mortgage P&I
131%
$3,843
Property Taxes
14%
$408
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0