This property looks like a bad Long-Term investment with a projected -24.77% first-year return on $152k initial cash invested.
-24.77%
Cash On Cash
1.65%
Cap Rate
0.25
DSCR
$2,798
Rent
-$3,128
Cashflow
Cash Flow
$2,798 income − $5,926 expenses = $3,128 out of pocket
Investment Breakdown
|
Purchase Price
$722k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$144k
Closing costs
1%
$7,215
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,798
Total Expenses
$5,926
Mortgage P&I
142%
$3,978
Property Taxes
35%
$984
Home Insurance
8%
$236
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0