This property looks like a bad Long-Term investment with a projected -21.46% first-year return on $155k initial cash invested.
-21.46%
Cash On Cash
2.09%
Cap Rate
0.33
DSCR
$2,889
Rent
-$2,781
Cashflow
Cash Flow
$2,889 income − $5,670 expenses = $2,781 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$148k
Closing costs
1%
$7,404
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,889
Total Expenses
$5,670
Mortgage P&I
136%
$3,927
Property Taxes
25%
$731
Home Insurance
9%
$262
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0