This property looks like a bad Long-Term investment with a projected -17.7% first-year return on $149k initial cash invested.
-17.7%
Cash On Cash
2.8%
Cap Rate
0.45
DSCR
$3,222
Rent
-$2,200
Cashflow
Cash Flow
$3,222 income − $5,422 expenses = $2,200 out of pocket
Investment Breakdown
|
Purchase Price
$710k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$142k
Closing costs
1%
$7,104
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,222
Total Expenses
$5,422
Mortgage P&I
115%
$3,697
Property Taxes
20%
$638
Home Insurance
8%
$250
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0