This property looks like a bad Long-Term investment with a projected -15.66% first-year return on $147k initial cash invested.
-15.66%
Cash On Cash
3.53%
Cap Rate
0.54
DSCR
$3,905
Rent
-$1,918
Cashflow
Cash Flow
$3,905 income − $5,823 expenses = $1,918 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%
$7,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,905
Total Expenses
$5,823
Mortgage P&I
97%
$3,784
Property Taxes
20%
$780
Home Insurance
6%
$245
HOA
0%
$0
Property Management
10%
$390
CapEx
5%
$195
Vacancy
6%
$234
Maintenance
5%
$195
Other
0%
$0