This property looks like a bad Long-Term investment with a projected -18.83% first-year return on $147k initial cash invested.
-18.83%
Cash On Cash
2.88%
Cap Rate
0.44
DSCR
$2,778
Rent
-$2,306
Cashflow
Cash Flow
$2,778 income − $5,084 expenses = $2,306 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$6,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,778
Total Expenses
$5,084
Mortgage P&I
138%
$3,846
Property Taxes
10%
$270
Home Insurance
9%
$245
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0