This property looks like a bad Long-Term investment with a projected -23.37% first-year return on $151k initial cash invested.
-23.37%
Cash On Cash
2.06%
Cap Rate
0.31
DSCR
$2,932
Rent
-$2,941
Cashflow
Cash Flow
$2,932 income − $5,873 expenses = $2,941 out of pocket
Investment Breakdown
|
Purchase Price
$719k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$144k
Closing costs
1%
$7,192
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,932
Total Expenses
$5,873
Mortgage P&I
137%
$4,027
Property Taxes
19%
$557
Home Insurance
9%
$254
HOA
9%
$272
Property Management
10%
$293
CapEx
5%
$147
Vacancy
6%
$176
Maintenance
5%
$147
Other
0%
$0