This property looks like a bad Long-Term investment with a projected -14.03% first-year return on $150k initial cash invested.
-14.03%
Cash On Cash
3.48%
Cap Rate
0.57
DSCR
$3,821
Rent
-$1,758
Cashflow
Cash Flow
$3,821 income − $5,579 expenses = $1,758 out of pocket
Investment Breakdown
|
Purchase Price
$716k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,160
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,821
Total Expenses
$5,579
Mortgage P&I
95%
$3,643
Property Taxes
17%
$639
Home Insurance
8%
$304
HOA
0%
$0
Property Management
10%
$382
CapEx
5%
$191
Vacancy
6%
$229
Maintenance
5%
$191
Other
0%
$0