This property looks like a bad Long-Term investment with a projected -19.84% first-year return on $151k initial cash invested.
-19.84%
Cash On Cash
2.61%
Cap Rate
0.4
DSCR
$3,116
Rent
-$2,499
Cashflow
Cash Flow
$3,116 income − $5,615 expenses = $2,499 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$144k
Closing costs
1%
$7,196
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,116
Total Expenses
$5,615
Mortgage P&I
125%
$3,906
Property Taxes
21%
$653
Home Insurance
8%
$245
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0