This property looks like a bad Long-Term investment with a projected -16.87% first-year return on $148k initial cash invested.
-16.87%
Cash On Cash
2.83%
Cap Rate
0.47
DSCR
$3,355
Rent
-$2,083
Cashflow
Cash Flow
$3,355 income − $5,438 expenses = $2,083 out of pocket
Investment Breakdown
|
Purchase Price
$706k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,056
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,355
Total Expenses
$5,438
Mortgage P&I
107%
$3,581
Property Taxes
22%
$734
Home Insurance
7%
$250
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0