This property looks like a bad Long-Term investment with a projected -12.35% first-year return on $152k initial cash invested.
-12.35%
Cash On Cash
4.41%
Cap Rate
0.66
DSCR
$4,442
Rent
-$1,565
Cashflow
Cash Flow
$4,442 income − $6,007 expenses = $1,565 out of pocket
Investment Breakdown
|
Purchase Price
$724k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$145k
Closing costs
1%
$7,241
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,442
Total Expenses
$6,007
Mortgage P&I
90%
$4,004
Property Taxes
14%
$610
Home Insurance
5%
$238
HOA
0%
$0
Property Management
10%
$444
CapEx
5%
$222
Vacancy
6%
$267
Maintenance
5%
$222
Other
0%
$0