This property looks like a bad Long-Term investment with a projected -16.08% first-year return on $150k initial cash invested.
-16.08%
Cash On Cash
3.42%
Cap Rate
0.53
DSCR
$3,800
Rent
-$2,013
Cashflow
Cash Flow
$3,800 income − $5,813 expenses = $2,013 out of pocket
Investment Breakdown
|
Purchase Price
$715k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,153
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,800
Total Expenses
$5,813
Mortgage P&I
102%
$3,864
Property Taxes
19%
$707
Home Insurance
7%
$254
HOA
0%
$0
Property Management
10%
$380
CapEx
5%
$190
Vacancy
6%
$228
Maintenance
5%
$190
Other
0%
$0