This property looks like a bad Long-Term investment with a projected -9.32% first-year return on $147k initial cash invested.
-9.32%
Cash On Cash
4.98%
Cap Rate
0.76
DSCR
$4,940
Rent
-$1,143
Cashflow
Cash Flow
$4,940 income − $6,083 expenses = $1,143 out of pocket
Investment Breakdown
|
Purchase Price
$701k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$7,009
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,940
Total Expenses
$6,083
Mortgage P&I
77%
$3,805
Property Taxes
15%
$749
Home Insurance
5%
$245
HOA
0%
$0
Property Management
10%
$494
CapEx
5%
$247
Vacancy
6%
$296
Maintenance
5%
$247
Other
0%
$0