This property looks like a bad Long-Term investment with a projected -20.09% first-year return on $149k initial cash invested.
-20.09%
Cash On Cash
2.57%
Cap Rate
0.39
DSCR
$3,027
Rent
-$2,501
Cashflow
Cash Flow
$3,027 income − $5,528 expenses = $2,501 out of pocket
Investment Breakdown
|
Purchase Price
$711k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$142k
Closing costs
1%
$7,112
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,027
Total Expenses
$5,528
Mortgage P&I
128%
$3,876
Property Taxes
14%
$411
Home Insurance
8%
$254
HOA
7%
$200
Property Management
10%
$303
CapEx
5%
$151
Vacancy
6%
$182
Maintenance
5%
$151
Other
0%
$0