This property looks like a bad Long-Term investment with a projected -15.62% first-year return on $155k initial cash invested.
-15.62%
Cash On Cash
3.14%
Cap Rate
0.51
DSCR
$3,356
Rent
-$2,022
Cashflow
Cash Flow
$3,356 income − $5,378 expenses = $2,022 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$148k
Closing costs
1%
$7,395
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,356
Total Expenses
$5,378
Mortgage P&I
113%
$3,788
Property Taxes
14%
$455
Home Insurance
8%
$262
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0