This property looks like a bad Long-Term investment with a projected -20.49% first-year return on $150k initial cash invested.
-20.49%
Cash On Cash
2.09%
Cap Rate
0.34
DSCR
$3,144
Rent
-$2,560
Cashflow
Cash Flow
$3,144 income − $5,704 expenses = $2,560 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,139
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,144
Total Expenses
$5,704
Mortgage P&I
116%
$3,646
Property Taxes
32%
$996
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$189
Maintenance
5%
$157
Other
0%
$0