This property looks like a bad Long-Term investment with a projected -19.42% first-year return on $153k initial cash invested.
-19.42%
Cash On Cash
2.76%
Cap Rate
0.42
DSCR
$3,533
Rent
-$2,472
Cashflow
Cash Flow
$3,533 income − $6,005 expenses = $2,472 out of pocket
Investment Breakdown
|
Purchase Price
$727k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$145k
Closing costs
1%
$7,274
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,533
Total Expenses
$6,005
Mortgage P&I
112%
$3,965
Property Taxes
24%
$852
Home Insurance
8%
$269
HOA
0%
$0
Property Management
10%
$353
CapEx
5%
$177
Vacancy
6%
$212
Maintenance
5%
$177
Other
0%
$0