This property looks like a bad Long-Term investment with a projected -10.64% first-year return on $148k initial cash invested.
-10.64%
Cash On Cash
4.74%
Cap Rate
0.72
DSCR
$4,795
Rent
-$1,311
Cashflow
Cash Flow
$4,795 income − $6,106 expenses = $1,311 out of pocket
Investment Breakdown
|
Purchase Price
$704k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,038
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,795
Total Expenses
$6,106
Mortgage P&I
80%
$3,849
Property Taxes
16%
$754
Home Insurance
5%
$255
HOA
0%
$0
Property Management
10%
$480
CapEx
5%
$240
Vacancy
6%
$288
Maintenance
5%
$240
Other
0%
$0