This property looks like a bad Long-Term investment with a projected -16.78% first-year return on $153k initial cash invested.
-16.78%
Cash On Cash
3.31%
Cap Rate
0.5
DSCR
$3,318
Rent
-$2,144
Cashflow
Cash Flow
$3,318 income − $5,462 expenses = $2,144 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$146k
Closing costs
1%
$7,302
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,318
Total Expenses
$5,462
Mortgage P&I
120%
$3,993
Property Taxes
10%
$344
Home Insurance
8%
$262
HOA
0%
$0
Property Management
10%
$332
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0