This property looks like a bad Long-Term investment with a projected -13% first-year return on $152k initial cash invested.
-13%
Cash On Cash
3.98%
Cap Rate
0.62
DSCR
$3,790
Rent
-$1,651
Cashflow
Cash Flow
$3,790 income − $5,441 expenses = $1,651 out of pocket
Investment Breakdown
|
Purchase Price
$726k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$145k
Closing costs
1%
$7,259
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,790
Total Expenses
$5,441
Mortgage P&I
102%
$3,871
Property Taxes
9%
$330
Home Insurance
7%
$254
HOA
0%
$0
Property Management
10%
$379
CapEx
5%
$190
Vacancy
6%
$227
Maintenance
5%
$190
Other
0%
$0