This property looks like a bad Long-Term investment with a projected -19.41% first-year return on $153k initial cash invested.
-19.41%
Cash On Cash
2.83%
Cap Rate
0.43
DSCR
$3,451
Rent
-$2,479
Cashflow
Cash Flow
$3,451 income − $5,930 expenses = $2,479 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$146k
Closing costs
1%
$7,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,451
Total Expenses
$5,930
Mortgage P&I
117%
$4,029
Property Taxes
22%
$747
Home Insurance
7%
$256
HOA
0%
$0
Property Management
10%
$345
CapEx
5%
$173
Vacancy
6%
$207
Maintenance
5%
$173
Other
0%
$0