This property looks like a bad Long-Term investment with a projected -20.88% first-year return on $154k initial cash invested.
-20.88%
Cash On Cash
2.12%
Cap Rate
0.34
DSCR
$3,183
Rent
-$2,672
Cashflow
Cash Flow
$3,183 income − $5,855 expenses = $2,672 out of pocket
Investment Breakdown
|
Purchase Price
$731k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$146k
Closing costs
1%
$7,311
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,183
Total Expenses
$5,855
Mortgage P&I
120%
$3,806
Property Taxes
29%
$924
Home Insurance
9%
$298
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0