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
2.23%
Cap Rate
0.37
DSCR
$3,388
Rent
-$2,451
Cashflow
Cash Flow
$3,388 income − $5,839 expenses = $2,451 out of pocket
Investment Breakdown
|
Purchase Price
$708k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$142k
Closing costs
1%
$7,084
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,388
Total Expenses
$5,839
Mortgage P&I
106%
$3,597
Property Taxes
24%
$805
Home Insurance
8%
$262
HOA
9%
$295
Property Management
10%
$339
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0