This property looks like a bad Long-Term investment with a projected -20.87% first-year return on $153k initial cash invested.
-20.87%
Cash On Cash
2.56%
Cap Rate
0.39
DSCR
$3,779
Rent
-$2,662
Cashflow
Cash Flow
$3,779 income − $6,441 expenses = $2,662 out of pocket
Investment Breakdown
|
Purchase Price
$729k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$146k
Closing costs
1%
$7,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,779
Total Expenses
$6,441
Mortgage P&I
107%
$4,031
Property Taxes
31%
$1,172
Home Insurance
7%
$255
HOA
0%
$0
Property Management
10%
$378
CapEx
5%
$189
Vacancy
6%
$227
Maintenance
5%
$189
Other
0%
$0