This property looks like a bad Long-Term investment with a projected -13.45% first-year return on $151k initial cash invested.
-13.45%
Cash On Cash
4.16%
Cap Rate
0.63
DSCR
$4,182
Rent
-$1,698
Cashflow
Cash Flow
$4,182 income − $5,880 expenses = $1,698 out of pocket
Investment Breakdown
|
Purchase Price
$721k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$144k
Closing costs
1%
$7,214
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,182
Total Expenses
$5,880
Mortgage P&I
95%
$3,989
Property Taxes
13%
$549
Home Insurance
6%
$255
HOA
0%
$0
Property Management
10%
$418
CapEx
5%
$209
Vacancy
6%
$251
Maintenance
5%
$209
Other
0%
$0