This property looks like a bad Long-Term investment with a projected -20.94% first-year return on $148k initial cash invested.
-20.94%
Cash On Cash
2.75%
Cap Rate
0.4
DSCR
$3,595
Rent
-$2,578
Cashflow
Cash Flow
$3,595 income − $6,173 expenses = $2,578 out of pocket
Investment Breakdown
|
Purchase Price
$704k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,036
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,595
Total Expenses
$6,173
Mortgage P&I
112%
$4,010
Property Taxes
27%
$973
Home Insurance
7%
$254
HOA
0%
$0
Property Management
10%
$360
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0