This property looks like a bad Long-Term investment with a projected -19.68% first-year return on $154k initial cash invested.
-19.68%
Cash On Cash
2.65%
Cap Rate
0.4
DSCR
$2,859
Rent
-$2,519
Cashflow
Cash Flow
$2,859 income − $5,378 expenses = $2,519 out of pocket
Investment Breakdown
|
Purchase Price
$731k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$146k
Closing costs
1%
$7,314
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,859
Total Expenses
$5,378
Mortgage P&I
140%
$3,992
Property Taxes
13%
$376
Home Insurance
9%
$266
HOA
0%
$0
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0