This property looks like a bad Long-Term investment with a projected -26.94% first-year return on $151k initial cash invested.
-26.94%
Cash On Cash
0.43%
Cap Rate
0.07
DSCR
$1,166
Rent
-$3,394
Cashflow
Cash Flow
$1,166 income − $4,560 expenses = $3,394 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$144k
Closing costs
1%
$7,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,166
Total Expenses
$4,560
Mortgage P&I
308%
$3,593
Property Taxes
35%
$412
Home Insurance
22%
$252
HOA
0%
$0
Property Management
10%
$117
CapEx
5%
$58
Vacancy
6%
$70
Maintenance
5%
$58
Other
0%
$0