This property looks like a bad Long-Term investment with a projected -24.52% first-year return on $151k initial cash invested.
-24.52%
Cash On Cash
1.48%
Cap Rate
0.23
DSCR
$1,810
Rent
-$3,089
Cashflow
Cash Flow
$1,810 income − $4,899 expenses = $3,089 out of pocket
Investment Breakdown
|
Purchase Price
$720k
Downpayment
20.0%
Interest Rate
7.1%
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
$1,810
Total Expenses
$4,899
Mortgage P&I
215%
$3,885
Property Taxes
16%
$292
Home Insurance
14%
$252
HOA
0%
$0
Property Management
10%
$181
CapEx
5%
$90
Vacancy
6%
$109
Maintenance
5%
$90
Other
0%
$0