This property looks like a bad Long-Term investment with a projected -8.58% first-year return on $153k initial cash invested.
-8.58%
Cash On Cash
5.12%
Cap Rate
0.78
DSCR
$4,470
Rent
-$1,094
Cashflow
Cash Flow
$4,470 income − $5,564 expenses = $1,094 out of pocket
Investment Breakdown
|
Purchase Price
$729k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$146k
Closing costs
1%
$7,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,470
Total Expenses
$5,564
Mortgage P&I
89%
$3,978
Property Taxes
2%
$75
Home Insurance
6%
$255
HOA
2%
$93
Property Management
10%
$447
CapEx
5%
$224
Vacancy
6%
$268
Maintenance
5%
$224
Other
0%
$0