This property looks like a bad Long-Term investment with a projected -21.99% first-year return on $154k initial cash invested.
-21.99%
Cash On Cash
2.17%
Cap Rate
0.33
DSCR
$2,762
Rent
-$2,822
Cashflow
Cash Flow
$2,762 income − $5,584 expenses = $2,822 out of pocket
Investment Breakdown
|
Purchase Price
$733k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$147k
Closing costs
1%
$7,332
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,762
Total Expenses
$5,584
Mortgage P&I
145%
$4,008
Property Taxes
5%
$150
Home Insurance
10%
$270
HOA
16%
$438
Property Management
10%
$276
CapEx
5%
$138
Vacancy
6%
$166
Maintenance
5%
$138
Other
0%
$0