This property looks like a bad Long-Term investment with a projected -14.89% first-year return on $151k initial cash invested.
-14.89%
Cash On Cash
3.34%
Cap Rate
0.54
DSCR
$3,515
Rent
-$1,871
Cashflow
Cash Flow
$3,515 income − $5,386 expenses = $1,871 out of pocket
Investment Breakdown
|
Purchase Price
$718k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$144k
Closing costs
1%
$7,180
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,515
Total Expenses
$5,386
Mortgage P&I
105%
$3,692
Property Taxes
11%
$379
Home Insurance
7%
$251
HOA
4%
$149
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0