This property looks like a bad Long-Term investment with a projected -23.06% first-year return on $156k initial cash invested.
-23.06%
Cash On Cash
1.94%
Cap Rate
0.3
DSCR
$2,964
Rent
-$3,004
Cashflow
Cash Flow
$2,964 income − $5,968 expenses = $3,004 out of pocket
Investment Breakdown
|
Purchase Price
$744k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$149k
Closing costs
1%
$7,443
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,964
Total Expenses
$5,968
Mortgage P&I
137%
$4,058
Property Taxes
28%
$822
Home Insurance
9%
$276
HOA
1%
$42
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0