This property looks like a bad Long-Term investment with a projected -14.22% first-year return on $149k initial cash invested.
-14.22%
Cash On Cash
3.41%
Cap Rate
0.56
DSCR
$3,734
Rent
-$1,770
Cashflow
Cash Flow
$3,734 income − $5,504 expenses = $1,770 out of pocket
Investment Breakdown
|
Purchase Price
$711k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$142k
Closing costs
1%
$7,112
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,734
Total Expenses
$5,504
Mortgage P&I
97%
$3,604
Property Taxes
18%
$673
Home Insurance
7%
$256
HOA
0%
$0
Property Management
10%
$373
CapEx
5%
$187
Vacancy
6%
$224
Maintenance
5%
$187
Other
0%
$0