This property looks like a bad Long-Term investment with a projected -19.99% first-year return on $153k initial cash invested.
-19.99%
Cash On Cash
2.12%
Cap Rate
0.35
DSCR
$2,217
Rent
-$2,549
Cashflow
Cash Flow
$2,217 income − $4,766 expenses = $2,549 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%
$7,285
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,217
Total Expenses
$4,766
Mortgage P&I
168%
$3,723
Property Taxes
9%
$202
Home Insurance
12%
$264
HOA
0%
$0
Property Management
10%
$222
CapEx
5%
$111
Vacancy
6%
$133
Maintenance
5%
$111
Other
0%
$0