This property looks like a bad Long-Term investment with a projected -13.44% first-year return on $147k initial cash invested.
-13.44%
Cash On Cash
4.11%
Cap Rate
0.63
DSCR
$4,292
Rent
-$1,647
Cashflow
Cash Flow
$4,292 income − $5,939 expenses = $1,647 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$7,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,292
Total Expenses
$5,939
Mortgage P&I
89%
$3,829
Property Taxes
17%
$748
Home Insurance
6%
$245
HOA
0%
$0
Property Management
10%
$429
CapEx
5%
$215
Vacancy
6%
$258
Maintenance
5%
$215
Other
0%
$0