This property looks like a bad Long-Term investment with a projected -11.63% first-year return on $148k initial cash invested.
-11.63%
Cash On Cash
4.6%
Cap Rate
0.69
DSCR
$4,547
Rent
-$1,433
Cashflow
Cash Flow
$4,547 income − $5,980 expenses = $1,433 out of pocket
Investment Breakdown
|
Purchase Price
$704k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$148k
Downpayment
20%
$141k
Closing costs
1%
$7,043
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,547
Total Expenses
$5,980
Mortgage P&I
86%
$3,905
Property Taxes
14%
$641
Home Insurance
6%
$252
HOA
0%
$0
Property Management
10%
$455
CapEx
5%
$227
Vacancy
6%
$273
Maintenance
5%
$227
Other
0%
$0