This property looks like a bad Long-Term investment with a projected -16.77% first-year return on $149k initial cash invested.
-16.77%
Cash On Cash
3.14%
Cap Rate
0.49
DSCR
$3,495
Rent
-$2,083
Cashflow
Cash Flow
$3,495 income − $5,578 expenses = $2,083 out of pocket
Investment Breakdown
|
Purchase Price
$710k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$149k
Downpayment
20%
$142k
Closing costs
1%
$7,096
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,495
Total Expenses
$5,578
Mortgage P&I
108%
$3,767
Property Taxes
18%
$620
Home Insurance
8%
$273
HOA
0%
$8
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0