This property looks like a bad Long-Term investment with a projected -16.08% first-year return on $148k initial cash invested.
-16.08%
Cash On Cash
3.04%
Cap Rate
0.49
DSCR
$3,026
Rent
-$1,989
Cashflow
Cash Flow
$3,026 income − $5,015 expenses = $1,989 out of pocket
Investment Breakdown
|
Purchase Price
$707k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,067
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,026
Total Expenses
$5,015
Mortgage P&I
120%
$3,628
Property Taxes
12%
$352
Home Insurance
8%
$248
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$151
Vacancy
6%
$182
Maintenance
5%
$151
Other
0%
$0