This property looks like a bad Long-Term investment with a projected -18.32% first-year return on $148k initial cash invested.
-18.32%
Cash On Cash
3.18%
Cap Rate
0.47
DSCR
$3,663
Rent
-$2,265
Cashflow
Cash Flow
$3,663 income − $5,928 expenses = $2,265 out of pocket
Investment Breakdown
|
Purchase Price
$707k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,065
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,663
Total Expenses
$5,928
Mortgage P&I
108%
$3,952
Property Taxes
21%
$779
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$366
CapEx
5%
$183
Vacancy
6%
$220
Maintenance
5%
$183
Other
0%
$0