This property looks like a bad Long-Term investment with a projected -14.8% first-year return on $153k initial cash invested.
-14.8%
Cash On Cash
3.69%
Cap Rate
0.56
DSCR
$3,168
Rent
-$1,891
Cashflow
Cash Flow
$3,168 income − $5,059 expenses = $1,891 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$146k
Closing costs
1%
$7,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,168
Total Expenses
$5,059
Mortgage P&I
126%
$3,980
Property Taxes
0%
$0
Home Insurance
8%
$256
HOA
0%
$0
Property Management
10%
$317
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0