This property looks like a bad Long-Term investment with a projected -17.62% first-year return on $150k initial cash invested.
-17.62%
Cash On Cash
3.02%
Cap Rate
0.47
DSCR
$3,536
Rent
-$2,203
Cashflow
Cash Flow
$3,536 income − $5,739 expenses = $2,203 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,144
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,536
Total Expenses
$5,739
Mortgage P&I
108%
$3,826
Property Taxes
21%
$738
Home Insurance
7%
$255
HOA
0%
$0
Property Management
10%
$354
CapEx
5%
$177
Vacancy
6%
$212
Maintenance
5%
$177
Other
0%
$0