This property looks like a bad Long-Term investment with a projected -15.23% first-year return on $151k initial cash invested.
-15.23%
Cash On Cash
3.81%
Cap Rate
0.58
DSCR
$5,464
Rent
-$1,919
Cashflow
Cash Flow
$5,464 income − $7,383 expenses = $1,919 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$144k
Closing costs
1%
$7,200
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,464
Total Expenses
$7,383
Mortgage P&I
72%
$3,931
Property Taxes
33%
$1,780
Home Insurance
5%
$252
HOA
0%
$0
Property Management
10%
$546
CapEx
5%
$273
Vacancy
6%
$328
Maintenance
5%
$273
Other
0%
$0