This property looks like a bad Long-Term investment with a projected -20.3% first-year return on $154k initial cash invested.
-20.3%
Cash On Cash
2.05%
Cap Rate
0.34
DSCR
$3,039
Rent
-$2,599
Cashflow
Cash Flow
$3,039 income − $5,638 expenses = $2,599 out of pocket
Investment Breakdown
|
Purchase Price
$732k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$146k
Closing costs
1%
$7,316
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,039
Total Expenses
$5,638
Mortgage P&I
122%
$3,698
Property Taxes
28%
$854
Home Insurance
9%
$262
HOA
1%
$34
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$182
Maintenance
5%
$152
Other
0%
$0