This property looks like a bad Long-Term investment with a projected -20.87% first-year return on $149k initial cash invested.
-20.87%
Cash On Cash
2.41%
Cap Rate
0.37
DSCR
$2,902
Rent
-$2,598
Cashflow
Cash Flow
$2,902 income − $5,500 expenses = $2,598 out of pocket
Investment Breakdown
|
Purchase Price
$711k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$142k
Closing costs
1%
$7,112
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,902
Total Expenses
$5,500
Mortgage P&I
134%
$3,881
Property Taxes
20%
$591
Home Insurance
9%
$254
HOA
1%
$20
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0