This property looks like a bad Long-Term investment with a projected -21.61% first-year return on $153k initial cash invested.
-21.61%
Cash On Cash
1.74%
Cap Rate
0.29
DSCR
$2,050
Rent
-$2,759
Cashflow
Cash Flow
$2,050 income − $4,809 expenses = $2,759 out of pocket
Investment Breakdown
|
Purchase Price
$729k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$146k
Closing costs
1%
$7,294
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,050
Total Expenses
$4,809
Mortgage P&I
181%
$3,717
Property Taxes
12%
$246
Home Insurance
13%
$262
HOA
3%
$52
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0