This property looks like a bad Long-Term investment with a projected -16.69% first-year return on $147k initial cash invested.
-16.69%
Cash On Cash
3.31%
Cap Rate
0.51
DSCR
$3,392
Rent
-$2,043
Cashflow
Cash Flow
$3,392 income − $5,435 expenses = $2,043 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$6,995
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,392
Total Expenses
$5,435
Mortgage P&I
112%
$3,802
Property Taxes
15%
$505
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$339
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0