This property looks like a bad Long-Term investment with a projected -22.81% first-year return on $152k initial cash invested.
-22.81%
Cash On Cash
2.2%
Cap Rate
0.33
DSCR
$3,385
Rent
-$2,883
Cashflow
Cash Flow
$3,385 income − $6,268 expenses = $2,883 out of pocket
Investment Breakdown
|
Purchase Price
$722k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$144k
Closing costs
1%
$7,222
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,385
Total Expenses
$6,268
Mortgage P&I
119%
$4,039
Property Taxes
32%
$1,093
Home Insurance
8%
$257
HOA
0%
$0
Property Management
10%
$338
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0