This property looks like a bad Long-Term investment with a projected -21% first-year return on $153k initial cash invested.
-21%
Cash On Cash
2.56%
Cap Rate
0.38
DSCR
$2,698
Rent
-$2,682
Cashflow
Cash Flow
$2,698 income − $5,380 expenses = $2,682 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$146k
Closing costs
1%
$7,298
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,698
Total Expenses
$5,380
Mortgage P&I
152%
$4,103
Property Taxes
14%
$369
Home Insurance
8%
$206
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0