This property looks like a bad Long-Term investment with a projected -21.39% first-year return on $153k initial cash invested.
-21.39%
Cash On Cash
2.38%
Cap Rate
0.36
DSCR
$3,343
Rent
-$2,732
Cashflow
Cash Flow
$3,343 income − $6,075 expenses = $2,732 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%
$7,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,343
Total Expenses
$6,075
Mortgage P&I
120%
$4,010
Property Taxes
28%
$940
Home Insurance
8%
$256
HOA
0%
$0
Property Management
10%
$334
CapEx
5%
$167
Vacancy
6%
$201
Maintenance
5%
$167
Other
0%
$0