This property looks like a bad Long-Term investment with a projected -16.79% first-year return on $150k initial cash invested.
-16.79%
Cash On Cash
3.37%
Cap Rate
0.51
DSCR
$3,570
Rent
-$2,103
Cashflow
Cash Flow
$3,570 income − $5,673 expenses = $2,103 out of pocket
Investment Breakdown
|
Purchase Price
$716k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,159
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,570
Total Expenses
$5,673
Mortgage P&I
110%
$3,934
Property Taxes
16%
$558
Home Insurance
7%
$254
HOA
0%
$0
Property Management
10%
$357
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0