This property looks like a bad Long-Term investment with a projected -13.44% first-year return on $147k initial cash invested.
-13.44%
Cash On Cash
3.57%
Cap Rate
0.58
DSCR
$3,337
Rent
-$1,647
Cashflow
Cash Flow
$3,337 income − $4,984 expenses = $1,647 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,337
Total Expenses
$4,984
Mortgage P&I
107%
$3,561
Property Taxes
9%
$310
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$200
Maintenance
5%
$167
Other
0%
$0