This property looks like a bad Long-Term investment with a projected -12.8% first-year return on $147k initial cash invested.
-12.8%
Cash On Cash
3.78%
Cap Rate
0.61
DSCR
$3,461
Rent
-$1,568
Cashflow
Cash Flow
$3,461 income − $5,029 expenses = $1,568 out of pocket
Investment Breakdown
|
Purchase Price
$700k
Downpayment
20.0%
Interest Rate
6.7%
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
$3,461
Total Expenses
$5,029
Mortgage P&I
104%
$3,598
Property Taxes
8%
$286
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$346
CapEx
5%
$173
Vacancy
6%
$208
Maintenance
5%
$173
Other
0%
$0