This property looks like a bad Long-Term investment with a projected -15.87% first-year return on $148k initial cash invested.
-15.87%
Cash On Cash
3.38%
Cap Rate
0.53
DSCR
$3,272
Rent
-$1,963
Cashflow
Cash Flow
$3,272 income − $5,235 expenses = $1,963 out of pocket
Investment Breakdown
|
Purchase Price
$707k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,070
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,272
Total Expenses
$5,235
Mortgage P&I
116%
$3,790
Property Taxes
9%
$290
Home Insurance
8%
$262
HOA
1%
$42
Property Management
10%
$327
CapEx
5%
$164
Vacancy
6%
$196
Maintenance
5%
$164
Other
0%
$0