This property looks like a bad Long-Term investment with a projected -14.77% first-year return on $152k initial cash invested.
-14.77%
Cash On Cash
3.83%
Cap Rate
0.58
DSCR
$4,073
Rent
-$1,866
Cashflow
Cash Flow
$4,073 income − $5,939 expenses = $1,866 out of pocket
Investment Breakdown
|
Purchase Price
$722k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$152k
Downpayment
20%
$144k
Closing costs
1%
$7,221
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,073
Total Expenses
$5,939
Mortgage P&I
97%
$3,968
Property Taxes
16%
$650
Home Insurance
6%
$262
HOA
0%
$0
Property Management
10%
$407
CapEx
5%
$204
Vacancy
6%
$244
Maintenance
5%
$204
Other
0%
$0