This property looks like a bad Long-Term investment with a projected -17.82% first-year return on $153k initial cash invested.
-17.82%
Cash On Cash
3.06%
Cap Rate
0.47
DSCR
$3,495
Rent
-$2,276
Cashflow
Cash Flow
$3,495 income − $5,771 expenses = $2,276 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,495
Total Expenses
$5,771
Mortgage P&I
113%
$3,962
Property Taxes
18%
$640
Home Insurance
7%
$259
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0