This property looks like a bad Long-Term investment with a projected -11% first-year return on $151k initial cash invested.
-11%
Cash On Cash
4.51%
Cap Rate
0.7
DSCR
$4,185
Rent
-$1,387
Cashflow
Cash Flow
$4,185 income − $5,572 expenses = $1,387 out of pocket
Investment Breakdown
|
Purchase Price
$721k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$144k
Closing costs
1%
$7,205
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,185
Total Expenses
$5,572
Mortgage P&I
93%
$3,887
Property Taxes
8%
$336
Home Insurance
6%
$262
HOA
0%
$0
Property Management
10%
$418
CapEx
5%
$209
Vacancy
6%
$251
Maintenance
5%
$209
Other
0%
$0