This property looks like a bad Long-Term investment with a projected -14.76% first-year return on $148k initial cash invested.
-14.76%
Cash On Cash
3.63%
Cap Rate
0.56
DSCR
$3,299
Rent
-$1,819
Cashflow
Cash Flow
$3,299 income − $5,118 expenses = $1,819 out of pocket
Investment Breakdown
|
Purchase Price
$704k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,042
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,299
Total Expenses
$5,118
Mortgage P&I
115%
$3,787
Property Taxes
7%
$219
Home Insurance
8%
$254
HOA
0%
$0
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0