This property looks like a bad Long-Term investment with a projected -13.06% first-year return on $147k initial cash invested.
-13.06%
Cash On Cash
4.06%
Cap Rate
0.63
DSCR
$3,699
Rent
-$1,599
Cashflow
Cash Flow
$3,699 income − $5,298 expenses = $1,599 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$6,995
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,699
Total Expenses
$5,298
Mortgage P&I
102%
$3,782
Property Taxes
8%
$309
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$370
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0