This property looks like a bad Long-Term investment with a projected -20.66% first-year return on $149k initial cash invested.
-20.66%
Cash On Cash
2.43%
Cap Rate
0.38
DSCR
$3,785
Rent
-$2,570
Cashflow
Cash Flow
$3,785 income − $6,355 expenses = $2,570 out of pocket
Investment Breakdown
|
Purchase Price
$711k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$142k
Closing costs
1%
$7,107
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,785
Total Expenses
$6,355
Mortgage P&I
101%
$3,819
Property Taxes
34%
$1,283
Home Insurance
7%
$270
HOA
0%
$0
Property Management
10%
$378
CapEx
5%
$189
Vacancy
6%
$227
Maintenance
5%
$189
Other
0%
$0