This property looks like a bad Long-Term investment with a projected -24.57% first-year return on $148k initial cash invested.
-24.57%
Cash On Cash
1.86%
Cap Rate
0.27
DSCR
$2,996
Rent
-$3,032
Cashflow
Cash Flow
$2,996 income − $6,028 expenses = $3,032 out of pocket
Investment Breakdown
|
Purchase Price
$705k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,052
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,996
Total Expenses
$6,028
Mortgage P&I
133%
$3,973
Property Taxes
27%
$820
Home Insurance
15%
$455
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0