This property looks like a bad Long-Term investment with a projected -20.06% first-year return on $148k initial cash invested.
-20.06%
Cash On Cash
2.66%
Cap Rate
0.4
DSCR
$3,085
Rent
-$2,469
Cashflow
Cash Flow
$3,085 income − $5,554 expenses = $2,469 out of pocket
Investment Breakdown
|
Purchase Price
$703k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,032
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,085
Total Expenses
$5,554
Mortgage P&I
126%
$3,873
Property Taxes
20%
$620
Home Insurance
8%
$240
HOA
1%
$20
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0