This property looks like a bad Long-Term investment with a projected -17.11% first-year return on $150k initial cash invested.
-17.11%
Cash On Cash
3.24%
Cap Rate
0.5
DSCR
$3,398
Rent
-$2,135
Cashflow
Cash Flow
$3,398 income − $5,533 expenses = $2,135 out of pocket
Investment Breakdown
|
Purchase Price
$713k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,132
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,398
Total Expenses
$5,533
Mortgage P&I
115%
$3,892
Property Taxes
15%
$506
Home Insurance
7%
$251
HOA
0%
$0
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0