This property looks like a bad Long-Term investment with a projected -18.85% first-year return on $150k initial cash invested.
-18.85%
Cash On Cash
2.37%
Cap Rate
0.39
DSCR
$2,680
Rent
-$2,352
Cashflow
Cash Flow
$2,680 income − $5,032 expenses = $2,352 out of pocket
Investment Breakdown
|
Purchase Price
$713k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,129
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,680
Total Expenses
$5,032
Mortgage P&I
135%
$3,627
Property Taxes
17%
$463
Home Insurance
9%
$245
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0