This property looks like a bad Long-Term investment with a projected -18.5% first-year return on $150k initial cash invested.
-18.5%
Cash On Cash
2.75%
Cap Rate
0.43
DSCR
$3,146
Rent
-$2,310
Cashflow
Cash Flow
$3,146 income − $5,456 expenses = $2,310 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%
$7,136
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,146
Total Expenses
$5,456
Mortgage P&I
120%
$3,789
Property Taxes
19%
$613
Home Insurance
8%
$236
HOA
0%
$0
Property Management
10%
$315
CapEx
5%
$157
Vacancy
6%
$189
Maintenance
5%
$157
Other
0%
$0