This property looks like a bad Long-Term investment with a projected -12.08% first-year return on $147k initial cash invested.
-12.08%
Cash On Cash
3.85%
Cap Rate
0.64
DSCR
$3,844
Rent
-$1,482
Cashflow
Cash Flow
$3,844 income − $5,326 expenses = $1,482 out of pocket
Investment Breakdown
|
Purchase Price
$701k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$7,011
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,844
Total Expenses
$5,326
Mortgage P&I
92%
$3,541
Property Taxes
15%
$576
Home Insurance
5%
$210
HOA
0%
$0
Property Management
10%
$384
CapEx
5%
$192
Vacancy
6%
$231
Maintenance
5%
$192
Other
0%
$0