This property looks like a bad Long-Term investment with a projected -19.9% first-year return on $151k initial cash invested.
-19.9%
Cash On Cash
2.1%
Cap Rate
0.35
DSCR
$3,065
Rent
-$2,501
Cashflow
Cash Flow
$3,065 income − $5,566 expenses = $2,501 out of pocket
Investment Breakdown
|
Purchase Price
$718k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$144k
Closing costs
1%
$7,181
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,065
Total Expenses
$5,566
Mortgage P&I
118%
$3,602
Property Taxes
30%
$906
Home Insurance
9%
$262
HOA
0%
$0
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0