This property looks like a bad Long-Term investment with a projected -16.64% first-year return on $149k initial cash invested.
-16.64%
Cash On Cash
2.94%
Cap Rate
0.48
DSCR
$3,158
Rent
-$2,069
Cashflow
Cash Flow
$3,158 income − $5,227 expenses = $2,069 out of pocket
Investment Breakdown
|
Purchase Price
$710k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$142k
Closing costs
1%
$7,103
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,158
Total Expenses
$5,227
Mortgage P&I
116%
$3,651
Property Taxes
16%
$501
Home Insurance
8%
$254
HOA
0%
$0
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$189
Maintenance
5%
$158
Other
0%
$0