This property looks like a bad Long-Term investment with a projected -17.43% first-year return on $150k initial cash invested.
-17.43%
Cash On Cash
2.64%
Cap Rate
0.44
DSCR
$3,237
Rent
-$2,186
Cashflow
Cash Flow
$3,237 income − $5,423 expenses = $2,186 out of pocket
Investment Breakdown
|
Purchase Price
$717k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,165
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,237
Total Expenses
$5,423
Mortgage P&I
111%
$3,603
Property Taxes
20%
$635
Home Insurance
8%
$254
HOA
3%
$89
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0