This property looks like a bad Long-Term investment with a projected -20.47% first-year return on $153k initial cash invested.
-20.47%
Cash On Cash
2.12%
Cap Rate
0.34
DSCR
$2,658
Rent
-$2,611
Cashflow
Cash Flow
$2,658 income − $5,269 expenses = $2,611 out of pocket
Investment Breakdown
|
Purchase Price
$729k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$146k
Closing costs
1%
$7,287
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,658
Total Expenses
$5,269
Mortgage P&I
142%
$3,768
Property Taxes
21%
$548
Home Insurance
10%
$262
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0