This property looks like a bad Long-Term investment with a projected -22.5% first-year return on $147k initial cash invested.
-22.5%
Cash On Cash
1.46%
Cap Rate
0.24
DSCR
$1,807
Rent
-$2,758
Cashflow
Cash Flow
$1,807 income − $4,565 expenses = $2,758 out of pocket
Investment Breakdown
|
Purchase Price
$701k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$7,006
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,807
Total Expenses
$4,565
Mortgage P&I
195%
$3,520
Property Taxes
18%
$326
Home Insurance
14%
$250
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$108
Maintenance
5%
$90
Other
0%
$0