This property looks like a bad Long-Term investment with a projected -16.8% first-year return on $150k initial cash invested.
-16.8%
Cash On Cash
3.37%
Cap Rate
0.51
DSCR
$3,158
Rent
-$2,095
Cashflow
Cash Flow
$3,158 income − $5,253 expenses = $2,095 out of pocket
Investment Breakdown
|
Purchase Price
$713k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,127
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,158
Total Expenses
$5,253
Mortgage P&I
125%
$3,941
Property Taxes
8%
$248
Home Insurance
8%
$243
HOA
0%
$0
Property Management
10%
$316
CapEx
5%
$158
Vacancy
6%
$189
Maintenance
5%
$158
Other
0%
$0