This property looks like a bad Long-Term investment with a projected -21.3% first-year return on $150k initial cash invested.
-21.3%
Cash On Cash
2.09%
Cap Rate
0.33
DSCR
$2,614
Rent
-$2,663
Cashflow
Cash Flow
$2,614 income − $5,277 expenses = $2,663 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,144
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,614
Total Expenses
$5,277
Mortgage P&I
145%
$3,778
Property Taxes
22%
$564
Home Insurance
10%
$255
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0