This property looks like a bad Long-Term investment with a projected -17.94% first-year return on $151k initial cash invested.
-17.94%
Cash On Cash
2.58%
Cap Rate
0.42
DSCR
$3,094
Rent
-$2,252
Cashflow
Cash Flow
$3,094 income − $5,346 expenses = $2,252 out of pocket
Investment Breakdown
|
Purchase Price
$717k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$143k
Closing costs
1%
$7,174
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,094
Total Expenses
$5,346
Mortgage P&I
118%
$3,639
Property Taxes
21%
$650
Home Insurance
8%
$252
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0