This property looks like a bad Long-Term investment with a projected -16.3% first-year return on $150k initial cash invested.
-16.3%
Cash On Cash
3.24%
Cap Rate
0.51
DSCR
$3,469
Rent
-$2,037
Cashflow
Cash Flow
$3,469 income − $5,506 expenses = $2,037 out of pocket
Investment Breakdown
|
Purchase Price
$714k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,141
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,469
Total Expenses
$5,506
Mortgage P&I
109%
$3,792
Property Taxes
17%
$594
Home Insurance
6%
$219
HOA
0%
$0
Property Management
10%
$347
CapEx
5%
$173
Vacancy
6%
$208
Maintenance
5%
$173
Other
0%
$0