This property looks like a bad Long-Term investment with a projected -22.03% first-year return on $153k initial cash invested.
-22.03%
Cash On Cash
2.01%
Cap Rate
0.31
DSCR
$2,462
Rent
-$2,808
Cashflow
Cash Flow
$2,462 income − $5,270 expenses = $2,808 out of pocket
Investment Breakdown
|
Purchase Price
$728k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$146k
Closing costs
1%
$7,284
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,462
Total Expenses
$5,270
Mortgage P&I
159%
$3,905
Property Taxes
19%
$463
Home Insurance
11%
$262
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0