This property looks like a bad Long-Term investment with a projected -20.91% first-year return on $151k initial cash invested.
-20.91%
Cash On Cash
2%
Cap Rate
0.32
DSCR
$2,579
Rent
-$2,623
Cashflow
Cash Flow
$2,579 income − $5,202 expenses = $2,623 out of pocket
Investment Breakdown
|
Purchase Price
$717k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$143k
Closing costs
1%
$7,169
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,579
Total Expenses
$5,202
Mortgage P&I
143%
$3,690
Property Taxes
23%
$582
Home Insurance
10%
$259
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0