This property looks like a bad Long-Term investment with a projected -19.06% first-year return on $152k initial cash invested.
-19.06%
Cash On Cash
2.67%
Cap Rate
0.42
DSCR
$3,256
Rent
-$2,408
Cashflow
Cash Flow
$3,256 income − $5,664 expenses = $2,408 out of pocket
Investment Breakdown
|
Purchase Price
$722k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$144k
Closing costs
1%
$7,219
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,256
Total Expenses
$5,664
Mortgage P&I
118%
$3,850
Property Taxes
22%
$710
Home Insurance
8%
$257
HOA
0%
$0
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$195
Maintenance
5%
$163
Other
0%
$0