This property looks like a bad Long-Term investment with a projected -17.22% first-year return on $149k initial cash invested.
-17.22%
Cash On Cash
3.27%
Cap Rate
0.5
DSCR
$3,810
Rent
-$2,138
Cashflow
Cash Flow
$3,810 income − $5,948 expenses = $2,138 out of pocket
Investment Breakdown
|
Purchase Price
$709k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$142k
Closing costs
1%
$7,093
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,810
Total Expenses
$5,948
Mortgage P&I
102%
$3,881
Property Taxes
20%
$779
Home Insurance
8%
$298
HOA
0%
$0
Property Management
10%
$381
CapEx
5%
$190
Vacancy
6%
$229
Maintenance
5%
$190
Other
0%
$0