This property looks like a bad Long-Term investment with a projected -22.64% first-year return on $148k initial cash invested.
-22.64%
Cash On Cash
2.13%
Cap Rate
0.32
DSCR
$2,433
Rent
-$2,791
Cashflow
Cash Flow
$2,433 income − $5,224 expenses = $2,791 out of pocket
Investment Breakdown
|
Purchase Price
$705k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,045
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,433
Total Expenses
$5,224
Mortgage P&I
161%
$3,920
Property Taxes
12%
$292
Home Insurance
10%
$254
HOA
5%
$125
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0