This property looks like a bad Long-Term investment with a projected -14.15% first-year return on $149k initial cash invested.
-14.15%
Cash On Cash
3.97%
Cap Rate
0.6
DSCR
$4,048
Rent
-$1,758
Cashflow
Cash Flow
$4,048 income − $5,806 expenses = $1,758 out of pocket
Investment Breakdown
|
Purchase Price
$710k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$142k
Closing costs
1%
$7,100
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,048
Total Expenses
$5,806
Mortgage P&I
96%
$3,902
Property Taxes
15%
$600
Home Insurance
6%
$252
HOA
0%
$0
Property Management
10%
$405
CapEx
5%
$202
Vacancy
6%
$243
Maintenance
5%
$202
Other
0%
$0