This property looks like a bad Long-Term investment with a projected -6.69% first-year return on $152k initial cash invested.
-6.69%
Cash On Cash
5.52%
Cap Rate
0.84
DSCR
$4,622
Rent
-$845
Cashflow
Cash Flow
$4,622 income − $5,467 expenses = $845 out of pocket
Investment Breakdown
|
Purchase Price
$722k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$144k
Closing costs
1%
$7,221
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,622
Total Expenses
$5,467
Mortgage P&I
85%
$3,938
Property Taxes
1%
$66
Home Insurance
6%
$262
HOA
0%
$0
Property Management
10%
$462
CapEx
5%
$231
Vacancy
6%
$277
Maintenance
5%
$231
Other
0%
$0