This property looks like a bad Long-Term investment with a projected -17.72% first-year return on $150k initial cash invested.
-17.72%
Cash On Cash
3.17%
Cap Rate
0.48
DSCR
$3,454
Rent
-$2,221
Cashflow
Cash Flow
$3,454 income − $5,675 expenses = $2,221 out of pocket
Investment Breakdown
|
Purchase Price
$716k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,163
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,454
Total Expenses
$5,675
Mortgage P&I
114%
$3,938
Property Taxes
17%
$591
Home Insurance
7%
$248
HOA
0%
$0
Property Management
10%
$345
CapEx
5%
$173
Vacancy
6%
$207
Maintenance
5%
$173
Other
0%
$0