This property looks like a bad Long-Term investment with a projected -21.39% first-year return on $153k initial cash invested.
-21.39%
Cash On Cash
2.39%
Cap Rate
0.36
DSCR
$3,480
Rent
-$2,732
Cashflow
Cash Flow
$3,480 income − $6,212 expenses = $2,732 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%
$7,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,480
Total Expenses
$6,212
Mortgage P&I
115%
$4,010
Property Taxes
30%
$1,041
Home Insurance
7%
$256
HOA
0%
$0
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0