This property looks like a bad Long-Term investment with a projected -28.92% first-year return on $151k initial cash invested.
-28.92%
Cash On Cash
0.53%
Cap Rate
0.08
DSCR
$1,963
Rent
-$3,630
Cashflow
Cash Flow
$1,963 income − $5,593 expenses = $3,630 out of pocket
Investment Breakdown
|
Purchase Price
$717k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$143k
Closing costs
1%
$7,173
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,963
Total Expenses
$5,593
Mortgage P&I
196%
$3,848
Property Taxes
43%
$850
Home Insurance
20%
$385
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0