This property looks like a bad Long-Term investment with a projected -20.64% first-year return on $148k initial cash invested.
-20.64%
Cash On Cash
1.99%
Cap Rate
0.33
DSCR
$2,573
Rent
-$2,551
Cashflow
Cash Flow
$2,573 income − $5,124 expenses = $2,551 out of pocket
Investment Breakdown
|
Purchase Price
$706k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,064
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,573
Total Expenses
$5,124
Mortgage P&I
140%
$3,591
Property Taxes
20%
$521
Home Insurance
13%
$343
HOA
0%
$0
Property Management
10%
$257
CapEx
5%
$129
Vacancy
6%
$154
Maintenance
5%
$129
Other
0%
$0