This property looks like a bad Long-Term investment with a projected -14.57% first-year return on $148k initial cash invested.
-14.57%
Cash On Cash
3.61%
Cap Rate
0.57
DSCR
$3,432
Rent
-$1,796
Cashflow
Cash Flow
$3,432 income − $5,228 expenses = $1,796 out of pocket
Investment Breakdown
|
Purchase Price
$704k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,043
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,432
Total Expenses
$5,228
Mortgage P&I
109%
$3,741
Property Taxes
8%
$290
Home Insurance
8%
$262
HOA
1%
$42
Property Management
10%
$343
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0