This property looks like a bad Long-Term investment with a projected -19.77% first-year return on $149k initial cash invested.
-19.77%
Cash On Cash
2.69%
Cap Rate
0.41
DSCR
$2,830
Rent
-$2,453
Cashflow
Cash Flow
$2,830 income − $5,283 expenses = $2,453 out of pocket
Investment Breakdown
|
Purchase Price
$709k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$142k
Closing costs
1%
$7,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,830
Total Expenses
$5,283
Mortgage P&I
138%
$3,901
Property Taxes
14%
$400
Home Insurance
9%
$245
HOA
0%
$0
Property Management
10%
$283
CapEx
5%
$142
Vacancy
6%
$170
Maintenance
5%
$142
Other
0%
$0