This property looks like a bad Long-Term investment with a projected -22.19% first-year return on $150k initial cash invested.
-22.19%
Cash On Cash
2.24%
Cap Rate
0.34
DSCR
$3,834
Rent
-$2,772
Cashflow
Cash Flow
$3,834 income − $6,606 expenses = $2,772 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,137
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,834
Total Expenses
$6,606
Mortgage P&I
102%
$3,911
Property Taxes
38%
$1,443
Home Insurance
7%
$255
HOA
0%
$0
Property Management
10%
$383
CapEx
5%
$192
Vacancy
6%
$230
Maintenance
5%
$192
Other
0%
$0