This property looks like a bad Long-Term investment with a projected -19.21% first-year return on $147k initial cash invested.
-19.21%
Cash On Cash
2.55%
Cap Rate
0.4
DSCR
$2,602
Rent
-$2,353
Cashflow
Cash Flow
$2,602 income − $4,955 expenses = $2,353 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,602
Total Expenses
$4,955
Mortgage P&I
143%
$3,709
Property Taxes
11%
$280
Home Insurance
9%
$245
HOA
2%
$45
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0