This property looks like a bad Long-Term investment with a projected -15.32% first-year return on $149k initial cash invested.
-15.32%
Cash On Cash
3.67%
Cap Rate
0.56
DSCR
$3,415
Rent
-$1,897
Cashflow
Cash Flow
$3,415 income − $5,312 expenses = $1,897 out of pocket
Investment Breakdown
|
Purchase Price
$708k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$142k
Closing costs
1%
$7,075
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,415
Total Expenses
$5,312
Mortgage P&I
114%
$3,888
Property Taxes
8%
$278
Home Insurance
8%
$257
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0