This property looks like a bad Long-Term investment with a projected -17.41% first-year return on $148k initial cash invested.
-17.41%
Cash On Cash
3.04%
Cap Rate
0.47
DSCR
$3,291
Rent
-$2,153
Cashflow
Cash Flow
$3,291 income − $5,444 expenses = $2,153 out of pocket
Investment Breakdown
|
Purchase Price
$707k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,066
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,291
Total Expenses
$5,444
Mortgage P&I
115%
$3,776
Property Taxes
17%
$567
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$329
CapEx
5%
$165
Vacancy
6%
$197
Maintenance
5%
$165
Other
0%
$0