This property looks like a bad Long-Term investment with a projected -20.05% first-year return on $150k initial cash invested.
-20.05%
Cash On Cash
2.32%
Cap Rate
0.37
DSCR
$2,401
Rent
-$2,509
Cashflow
Cash Flow
$2,401 income − $4,910 expenses = $2,509 out of pocket
Investment Breakdown
|
Purchase Price
$715k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,149
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,401
Total Expenses
$4,910
Mortgage P&I
157%
$3,773
Property Taxes
11%
$263
Home Insurance
10%
$250
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0