This property looks like a bad Long-Term investment with a projected -19.56% first-year return on $147k initial cash invested.
-19.56%
Cash On Cash
2.76%
Cap Rate
0.42
DSCR
$2,754
Rent
-$2,396
Cashflow
Cash Flow
$2,754 income − $5,150 expenses = $2,396 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,754
Total Expenses
$5,150
Mortgage P&I
140%
$3,867
Property Taxes
9%
$251
Home Insurance
9%
$245
HOA
3%
$71
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0