This property looks like a bad Long-Term investment with a projected -21.35% first-year return on $150k initial cash invested.
-21.35%
Cash On Cash
2.06%
Cap Rate
0.32
DSCR
$2,291
Rent
-$2,664
Cashflow
Cash Flow
$2,291 income − $4,955 expenses = $2,664 out of pocket
Investment Breakdown
|
Purchase Price
$713k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$150k
Downpayment
20%
$143k
Closing costs
1%
$7,129
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,291
Total Expenses
$4,955
Mortgage P&I
165%
$3,774
Property Taxes
14%
$319
Home Insurance
12%
$266
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$115
Vacancy
6%
$137
Maintenance
5%
$115
Other
0%
$0