This property looks like a bad Long-Term investment with a projected -22.92% first-year return on $147k initial cash invested.
-22.92%
Cash On Cash
2.05%
Cap Rate
0.31
DSCR
$2,305
Rent
-$2,816
Cashflow
Cash Flow
$2,305 income − $5,121 expenses = $2,816 out of pocket
Investment Breakdown
|
Purchase Price
$702k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$7,020
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,305
Total Expenses
$5,121
Mortgage P&I
169%
$3,903
Property Taxes
16%
$366
Home Insurance
11%
$254
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0