This property looks like a bad Long-Term investment with a projected -20.28% first-year return on $147k initial cash invested.
-20.28%
Cash On Cash
2.58%
Cap Rate
0.39
DSCR
$3,493
Rent
-$2,491
Cashflow
Cash Flow
$3,493 income − $5,984 expenses = $2,491 out of pocket
Investment Breakdown
|
Purchase Price
$702k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$7,020
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,493
Total Expenses
$5,984
Mortgage P&I
110%
$3,828
Property Taxes
18%
$634
Home Insurance
7%
$248
HOA
10%
$365
Property Management
10%
$349
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0