This property looks like a bad Long-Term investment with a projected -18.62% first-year return on $153k initial cash invested.
-18.62%
Cash On Cash
2.38%
Cap Rate
0.39
DSCR
$2,639
Rent
-$2,373
Cashflow
Cash Flow
$2,639 income − $5,012 expenses = $2,373 out of pocket
Investment Breakdown
|
Purchase Price
$728k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$146k
Closing costs
1%
$7,284
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,639
Total Expenses
$5,012
Mortgage P&I
140%
$3,685
Property Taxes
14%
$379
Home Insurance
10%
$262
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0