This property looks like a bad Long-Term investment with a projected -20.26% first-year return on $150k initial cash invested.
-20.26%
Cash On Cash
2.06%
Cap Rate
0.33
DSCR
$1,958
Rent
-$2,535
Cashflow
Cash Flow
$1,958 income − $4,493 expenses = $2,535 out of pocket
Investment Breakdown
|
Purchase Price
$715k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,958
Total Expenses
$4,493
Mortgage P&I
187%
$3,663
Property Taxes
4%
$71
Home Insurance
13%
$250
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$117
Maintenance
5%
$98
Other
0%
$0