This property looks like a bad Long-Term investment with a projected -22.33% first-year return on $147k initial cash invested.
-22.33%
Cash On Cash
1.56%
Cap Rate
0.26
DSCR
$2,355
Rent
-$2,735
Cashflow
Cash Flow
$2,355 income − $5,090 expenses = $2,735 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$6,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,355
Total Expenses
$5,090
Mortgage P&I
150%
$3,525
Property Taxes
30%
$707
Home Insurance
10%
$245
HOA
0%
$0
Property Management
10%
$236
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0