This property looks like a bad Long-Term investment with a projected -15.33% first-year return on $149k initial cash invested.
-15.33%
Cash On Cash
3.7%
Cap Rate
0.56
DSCR
$3,901
Rent
-$1,910
Cashflow
Cash Flow
$3,901 income − $5,811 expenses = $1,910 out of pocket
Investment Breakdown
|
Purchase Price
$712k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$142k
Closing costs
1%
$7,118
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,901
Total Expenses
$5,811
Mortgage P&I
100%
$3,912
Property Taxes
16%
$635
Home Insurance
6%
$250
HOA
0%
$0
Property Management
10%
$390
CapEx
5%
$195
Vacancy
6%
$234
Maintenance
5%
$195
Other
0%
$0