This property looks like a bad Long-Term investment with a projected -17.45% first-year return on $153k initial cash invested.
-17.45%
Cash On Cash
3.04%
Cap Rate
0.47
DSCR
$3,493
Rent
-$2,231
Cashflow
Cash Flow
$3,493 income − $5,724 expenses = $2,231 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$146k
Closing costs
1%
$7,304
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,493
Total Expenses
$5,724
Mortgage P&I
112%
$3,905
Property Taxes
19%
$674
Home Insurance
7%
$236
HOA
0%
$0
Property Management
10%
$349
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0