This property looks like a bad Long-Term investment with a projected -21.22% first-year return on $147k initial cash invested.
-21.22%
Cash On Cash
2.21%
Cap Rate
0.34
DSCR
$3,016
Rent
-$2,606
Cashflow
Cash Flow
$3,016 income − $5,622 expenses = $2,606 out of pocket
Investment Breakdown
|
Purchase Price
$702k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$7,017
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,016
Total Expenses
$5,622
Mortgage P&I
124%
$3,745
Property Taxes
28%
$852
Home Insurance
8%
$240
HOA
0%
$0
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0