This property looks like a bad Long-Term investment with a projected -21.86% first-year return on $153k initial cash invested.
-21.86%
Cash On Cash
2.22%
Cap Rate
0.34
DSCR
$2,404
Rent
-$2,792
Cashflow
Cash Flow
$2,404 income − $5,196 expenses = $2,792 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$146k
Closing costs
1%
$7,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,404
Total Expenses
$5,196
Mortgage P&I
167%
$4,021
Property Taxes
12%
$295
Home Insurance
11%
$256
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0