This property looks like a bad Long-Term investment with a projected -23.52% first-year return on $150k initial cash invested.
-23.52%
Cash On Cash
1.67%
Cap Rate
0.26
DSCR
$2,283
Rent
-$2,938
Cashflow
Cash Flow
$2,283 income − $5,221 expenses = $2,938 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,139
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,283
Total Expenses
$5,221
Mortgage P&I
167%
$3,819
Property Taxes
24%
$550
Home Insurance
11%
$259
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0