This property looks like a bad Long-Term investment with a projected -18.93% first-year return on $152k initial cash invested.
-18.93%
Cash On Cash
2.78%
Cap Rate
0.43
DSCR
$2,760
Rent
-$2,400
Cashflow
Cash Flow
$2,760 income − $5,160 expenses = $2,400 out of pocket
Investment Breakdown
|
Purchase Price
$724k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$145k
Closing costs
1%
$7,244
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,760
Total Expenses
$5,160
Mortgage P&I
143%
$3,941
Property Taxes
8%
$219
Home Insurance
9%
$262
HOA
1%
$20
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0