This property looks like a bad Long-Term investment with a projected -16.04% first-year return on $153k initial cash invested.
-16.04%
Cash On Cash
2.99%
Cap Rate
0.49
DSCR
$3,411
Rent
-$2,044
Cashflow
Cash Flow
$3,411 income − $5,455 expenses = $2,044 out of pocket
Investment Breakdown
|
Purchase Price
$728k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$146k
Closing costs
1%
$7,281
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,411
Total Expenses
$5,455
Mortgage P&I
108%
$3,685
Property Taxes
19%
$639
Home Insurance
7%
$243
HOA
0%
$0
Property Management
10%
$341
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0