This property looks like a bad Long-Term investment with a projected -22.13% first-year return on $149k initial cash invested.
-22.13%
Cash On Cash
2.19%
Cap Rate
0.33
DSCR
$2,208
Rent
-$2,741
Cashflow
Cash Flow
$2,208 income − $4,949 expenses = $2,741 out of pocket
Investment Breakdown
|
Purchase Price
$708k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$142k
Closing costs
1%
$7,079
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,208
Total Expenses
$4,949
Mortgage P&I
178%
$3,923
Property Taxes
9%
$199
Home Insurance
12%
$254
HOA
0%
$0
Property Management
10%
$221
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0