This property looks like a bad Long-Term investment with a projected -13.14% first-year return on $150k initial cash invested.
-13.14%
Cash On Cash
3.88%
Cap Rate
0.62
DSCR
$4,103
Rent
-$1,644
Cashflow
Cash Flow
$4,103 income − $5,747 expenses = $1,644 out of pocket
Investment Breakdown
|
Purchase Price
$715k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,151
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,103
Total Expenses
$5,747
Mortgage P&I
91%
$3,752
Property Taxes
17%
$677
Home Insurance
6%
$252
HOA
0%
$0
Property Management
10%
$410
CapEx
5%
$205
Vacancy
6%
$246
Maintenance
5%
$205
Other
0%
$0