This property looks like a bad Long-Term investment with a projected -20.76% first-year return on $147k initial cash invested.
-20.76%
Cash On Cash
2.58%
Cap Rate
0.39
DSCR
$3,564
Rent
-$2,543
Cashflow
Cash Flow
$3,564 income − $6,107 expenses = $2,543 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$147k
Downpayment
20%
$140k
Closing costs
1%
$6,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,564
Total Expenses
$6,107
Mortgage P&I
109%
$3,870
Property Taxes
28%
$1,010
Home Insurance
7%
$245
HOA
2%
$56
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0