This property looks like a bad Long-Term investment with a projected -19.17% first-year return on $147k initial cash invested.
-19.17%
Cash On Cash
2.84%
Cap Rate
0.43
DSCR
$3,476
Rent
-$2,348
Cashflow
Cash Flow
$3,476 income − $5,824 expenses = $2,348 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%
$6,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,476
Total Expenses
$5,824
Mortgage P&I
110%
$3,828
Property Taxes
24%
$846
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0