This property looks like a bad Long-Term investment with a projected -22.38% first-year return on $150k initial cash invested.
-22.38%
Cash On Cash
2.11%
Cap Rate
0.32
DSCR
$3,451
Rent
-$2,795
Cashflow
Cash Flow
$3,451 income − $6,246 expenses = $2,795 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,136
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,451
Total Expenses
$6,246
Mortgage P&I
112%
$3,874
Property Taxes
25%
$875
Home Insurance
7%
$245
HOA
10%
$354
Property Management
10%
$345
CapEx
5%
$173
Vacancy
6%
$207
Maintenance
5%
$173
Other
0%
$0