This property looks like a bad Long-Term investment with a projected -21.8% first-year return on $150k initial cash invested.
-21.8%
Cash On Cash
2.13%
Cap Rate
0.33
DSCR
$2,699
Rent
-$2,731
Cashflow
Cash Flow
$2,699 income − $5,430 expenses = $2,731 out of pocket
Investment Breakdown
|
Purchase Price
$716k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,160
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,699
Total Expenses
$5,430
Mortgage P&I
143%
$3,868
Property Taxes
23%
$633
Home Insurance
8%
$227
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0