This property looks like a bad Long-Term investment with a projected -20.55% first-year return on $153k initial cash invested.
-20.55%
Cash On Cash
2.3%
Cap Rate
0.36
DSCR
$3,273
Rent
-$2,626
Cashflow
Cash Flow
$3,273 income − $5,899 expenses = $2,626 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$146k
Closing costs
1%
$7,301
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,273
Total Expenses
$5,899
Mortgage P&I
118%
$3,861
Property Taxes
28%
$925
Home Insurance
8%
$262
HOA
0%
$0
Property Management
10%
$327
CapEx
5%
$164
Vacancy
6%
$196
Maintenance
5%
$164
Other
0%
$0