This property looks like a bad Long-Term investment with a projected -16.88% first-year return on $148k initial cash invested.
-16.88%
Cash On Cash
3.22%
Cap Rate
0.5
DSCR
$3,569
Rent
-$2,082
Cashflow
Cash Flow
$3,569 income − $5,651 expenses = $2,082 out of pocket
Investment Breakdown
|
Purchase Price
$705k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,046
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,569
Total Expenses
$5,651
Mortgage P&I
106%
$3,797
Property Taxes
19%
$682
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$357
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0