This property looks like a bad Long-Term investment with a projected -16.21% first-year return on $151k initial cash invested.
-16.21%
Cash On Cash
2.93%
Cap Rate
0.48
DSCR
$3,196
Rent
-$2,040
Cashflow
Cash Flow
$3,196 income − $5,236 expenses = $2,040 out of pocket
Investment Breakdown
|
Purchase Price
$719k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$144k
Closing costs
1%
$7,192
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,196
Total Expenses
$5,236
Mortgage P&I
114%
$3,637
Property Taxes
16%
$515
Home Insurance
8%
$252
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0