This property looks like a bad Long-Term investment with a projected -19.35% first-year return on $150k initial cash invested.
-19.35%
Cash On Cash
2.59%
Cap Rate
0.41
DSCR
$3,418
Rent
-$2,426
Cashflow
Cash Flow
$3,418 income − $5,844 expenses = $2,426 out of pocket
Investment Breakdown
|
Purchase Price
$717k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,165
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,418
Total Expenses
$5,844
Mortgage P&I
111%
$3,804
Property Taxes
19%
$659
Home Insurance
7%
$254
HOA
7%
$238
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0