This property looks like a bad Long-Term investment with a projected -20.86% first-year return on $151k initial cash invested.
-20.86%
Cash On Cash
2.44%
Cap Rate
0.37
DSCR
$2,717
Rent
-$2,633
Cashflow
Cash Flow
$2,717 income − $5,350 expenses = $2,633 out of pocket
Investment Breakdown
|
Purchase Price
$721k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$151k
Downpayment
20%
$144k
Closing costs
1%
$7,211
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,717
Total Expenses
$5,350
Mortgage P&I
146%
$3,963
Property Taxes
16%
$425
Home Insurance
9%
$255
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0