This property looks like a bad Long-Term investment with a projected -14.89% first-year return on $151k initial cash invested.
-14.89%
Cash On Cash
3.7%
Cap Rate
0.57
DSCR
$3,730
Rent
-$1,880
Cashflow
Cash Flow
$3,730 income − $5,610 expenses = $1,880 out of pocket
Investment Breakdown
|
Purchase Price
$721k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$144k
Closing costs
1%
$7,214
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,730
Total Expenses
$5,610
Mortgage P&I
105%
$3,921
Property Taxes
12%
$466
Home Insurance
7%
$254
HOA
0%
$0
Property Management
10%
$373
CapEx
5%
$186
Vacancy
6%
$224
Maintenance
5%
$186
Other
0%
$0