This property looks like a bad Long-Term investment with a projected -15.7% first-year return on $153k initial cash invested.
-15.7%
Cash On Cash
3.05%
Cap Rate
0.5
DSCR
$3,115
Rent
-$2,006
Cashflow
Cash Flow
$3,115 income − $5,121 expenses = $2,006 out of pocket
Investment Breakdown
|
Purchase Price
$730k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$146k
Closing costs
1%
$7,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,115
Total Expenses
$5,121
Mortgage P&I
119%
$3,703
Property Taxes
11%
$345
Home Insurance
8%
$262
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0