This property looks like a bad Long-Term investment with a projected -25.04% first-year return on $153k initial cash invested.
-25.04%
Cash On Cash
1.37%
Cap Rate
0.21
DSCR
$2,400
Rent
-$3,193
Cashflow
Cash Flow
$2,400 income − $5,593 expenses = $3,193 out of pocket
Investment Breakdown
|
Purchase Price
$729k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$146k
Closing costs
1%
$7,287
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,400
Total Expenses
$5,593
Mortgage P&I
163%
$3,904
Property Taxes
22%
$537
Home Insurance
14%
$336
HOA
8%
$192
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0