This property looks like a bad Long-Term investment with a projected -18.91% first-year return on $151k initial cash invested.
-18.91%
Cash On Cash
2.3%
Cap Rate
0.38
DSCR
$2,481
Rent
-$2,387
Cashflow
Cash Flow
$2,481 income − $4,868 expenses = $2,387 out of pocket
Investment Breakdown
|
Purchase Price
$721k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,481
Total Expenses
$4,868
Mortgage P&I
147%
$3,646
Property Taxes
13%
$313
Home Insurance
11%
$264
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0