This property looks like a bad Long-Term investment with a projected -18.18% first-year return on $150k initial cash invested.
-18.18%
Cash On Cash
2.81%
Cap Rate
0.44
DSCR
$2,819
Rent
-$2,278
Cashflow
Cash Flow
$2,819 income − $5,097 expenses = $2,278 out of pocket
Investment Breakdown
|
Purchase Price
$716k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,162
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,819
Total Expenses
$5,097
Mortgage P&I
135%
$3,815
Property Taxes
10%
$287
Home Insurance
9%
$262
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0