This property looks like a bad Long-Term investment with a projected -17.53% first-year return on $151k initial cash invested.
-17.53%
Cash On Cash
3.1%
Cap Rate
0.48
DSCR
$3,110
Rent
-$2,210
Cashflow
Cash Flow
$3,110 income − $5,320 expenses = $2,210 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,110
Total Expenses
$5,320
Mortgage P&I
126%
$3,913
Property Taxes
6%
$200
Home Insurance
8%
$262
HOA
4%
$135
Property Management
10%
$311
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0