This property looks like a bad Long-Term investment with a projected -19.39% first-year return on $151k initial cash invested.
-19.39%
Cash On Cash
2.68%
Cap Rate
0.42
DSCR
$3,620
Rent
-$2,444
Cashflow
Cash Flow
$3,620 income − $6,064 expenses = $2,444 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%
$7,204
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,620
Total Expenses
$6,064
Mortgage P&I
107%
$3,871
Property Taxes
27%
$983
Home Insurance
7%
$269
HOA
0%
$0
Property Management
10%
$362
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0