This property looks like a bad Long-Term investment with a projected -20.24% first-year return on $149k initial cash invested.
-20.24%
Cash On Cash
2.36%
Cap Rate
0.37
DSCR
$2,696
Rent
-$2,508
Cashflow
Cash Flow
$2,696 income − $5,204 expenses = $2,508 out of pocket
Investment Breakdown
|
Purchase Price
$708k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$142k
Closing costs
1%
$7,082
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,696
Total Expenses
$5,204
Mortgage P&I
140%
$3,764
Property Taxes
18%
$481
Home Insurance
10%
$257
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0