This property looks like a bad Long-Term investment with a projected -24.06% first-year return on $151k initial cash invested.
-24.06%
Cash On Cash
1.67%
Cap Rate
0.25
DSCR
$1,979
Rent
-$3,033
Cashflow
Cash Flow
$1,979 income − $5,012 expenses = $3,033 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$144k
Closing costs
1%
$7,204
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,979
Total Expenses
$5,012
Mortgage P&I
199%
$3,938
Property Taxes
15%
$297
Home Insurance
13%
$262
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0