This property looks like a bad Long-Term investment with a projected -19.76% first-year return on $151k initial cash invested.
-19.76%
Cash On Cash
2.7%
Cap Rate
0.41
DSCR
$3,212
Rent
-$2,493
Cashflow
Cash Flow
$3,212 income − $5,705 expenses = $2,493 out of pocket
Investment Breakdown
|
Purchase Price
$721k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$144k
Closing costs
1%
$7,211
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,212
Total Expenses
$5,705
Mortgage P&I
123%
$3,952
Property Taxes
20%
$655
Home Insurance
8%
$262
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0