This property looks like a bad Long-Term investment with a projected -17.89% first-year return on $150k initial cash invested.
-17.89%
Cash On Cash
2.77%
Cap Rate
0.44
DSCR
$3,338
Rent
-$2,238
Cashflow
Cash Flow
$3,338 income − $5,576 expenses = $2,238 out of pocket
Investment Breakdown
|
Purchase Price
$715k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,338
Total Expenses
$5,576
Mortgage P&I
112%
$3,722
Property Taxes
22%
$736
Home Insurance
7%
$250
HOA
0%
$0
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$200
Maintenance
5%
$167
Other
0%
$0