This property looks like a bad Long-Term investment with a projected -20.73% first-year return on $148k initial cash invested.
-20.73%
Cash On Cash
2.37%
Cap Rate
0.37
DSCR
$2,902
Rent
-$2,562
Cashflow
Cash Flow
$2,902 income − $5,464 expenses = $2,562 out of pocket
Investment Breakdown
|
Purchase Price
$706k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,061
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,902
Total Expenses
$5,464
Mortgage P&I
131%
$3,810
Property Taxes
22%
$646
Home Insurance
9%
$254
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0