This property looks like a bad Long-Term investment with a projected -25% first-year return on $147k initial cash invested.
-25%
Cash On Cash
1.34%
Cap Rate
0.21
DSCR
$2,699
Rent
-$3,063
Cashflow
Cash Flow
$2,699 income − $5,762 expenses = $3,063 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$7,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,699
Total Expenses
$5,762
Mortgage P&I
137%
$3,709
Property Taxes
41%
$1,106
Home Insurance
9%
$245
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0