This property looks like a bad Long-Term investment with a projected -14.58% first-year return on $148k initial cash invested.
-14.58%
Cash On Cash
3.63%
Cap Rate
0.57
DSCR
$3,430
Rent
-$1,798
Cashflow
Cash Flow
$3,430 income − $5,228 expenses = $1,798 out of pocket
Investment Breakdown
|
Purchase Price
$705k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,047
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,430
Total Expenses
$5,228
Mortgage P&I
110%
$3,760
Property Taxes
9%
$321
Home Insurance
7%
$254
HOA
0%
$0
Property Management
10%
$343
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0