This property looks like a bad Long-Term investment with a projected -19.18% first-year return on $153k initial cash invested.
-19.18%
Cash On Cash
2.65%
Cap Rate
0.41
DSCR
$3,028
Rent
-$2,448
Cashflow
Cash Flow
$3,028 income − $5,476 expenses = $2,448 out of pocket
Investment Breakdown
|
Purchase Price
$729k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$146k
Closing costs
1%
$7,294
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,028
Total Expenses
$5,476
Mortgage P&I
129%
$3,907
Property Taxes
17%
$524
Home Insurance
9%
$258
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$151
Vacancy
6%
$182
Maintenance
5%
$151
Other
0%
$0