This property looks like a bad Long-Term investment with a projected -18.41% first-year return on $153k initial cash invested.
-18.41%
Cash On Cash
2.84%
Cap Rate
0.44
DSCR
$2,880
Rent
-$2,351
Cashflow
Cash Flow
$2,880 income − $5,231 expenses = $2,351 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$146k
Closing costs
1%
$7,296
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,880
Total Expenses
$5,231
Mortgage P&I
137%
$3,932
Property Taxes
10%
$288
Home Insurance
9%
$262
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0