This property looks like a bad Long-Term investment with a projected -21.23% first-year return on $151k initial cash invested.
-21.23%
Cash On Cash
2.2%
Cap Rate
0.34
DSCR
$3,204
Rent
-$2,663
Cashflow
Cash Flow
$3,204 income − $5,867 expenses = $2,663 out of pocket
Investment Breakdown
|
Purchase Price
$717k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$143k
Closing costs
1%
$7,169
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,204
Total Expenses
$5,867
Mortgage P&I
119%
$3,819
Property Taxes
28%
$911
Home Insurance
9%
$276
HOA
1%
$29
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0