This property looks like a bad Long-Term investment with a projected -19.32% first-year return on $157k initial cash invested.
-19.32%
Cash On Cash
2.73%
Cap Rate
0.42
DSCR
$3,417
Rent
-$2,520
Cashflow
Cash Flow
$3,417 income − $5,937 expenses = $2,520 out of pocket
Investment Breakdown
|
Purchase Price
$746k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$149k
Closing costs
1%
$7,455
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,417
Total Expenses
$5,937
Mortgage P&I
118%
$4,048
Property Taxes
21%
$734
Home Insurance
8%
$266
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0