This property looks like a bad Long-Term investment with a projected -19.66% first-year return on $149k initial cash invested.
-19.66%
Cash On Cash
2.84%
Cap Rate
0.43
DSCR
$3,906
Rent
-$2,442
Cashflow
Cash Flow
$3,906 income − $6,348 expenses = $2,442 out of pocket
Investment Breakdown
|
Purchase Price
$710k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$142k
Closing costs
1%
$7,099
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,906
Total Expenses
$6,348
Mortgage P&I
101%
$3,926
Property Taxes
30%
$1,153
Home Insurance
7%
$254
HOA
0%
$0
Property Management
10%
$391
CapEx
5%
$195
Vacancy
6%
$234
Maintenance
5%
$195
Other
0%
$0