This property looks like a bad Long-Term investment with a projected -24.1% first-year return on $154k initial cash invested.
-24.1%
Cash On Cash
1.57%
Cap Rate
0.24
DSCR
$2,696
Rent
-$3,087
Cashflow
Cash Flow
$2,696 income − $5,783 expenses = $3,087 out of pocket
Investment Breakdown
|
Purchase Price
$732k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$146k
Closing costs
1%
$7,320
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,696
Total Expenses
$5,783
Mortgage P&I
145%
$3,909
Property Taxes
34%
$916
Home Insurance
10%
$256
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0