This property looks like a bad Long-Term investment with a projected -24.12% first-year return on $154k initial cash invested.
-24.12%
Cash On Cash
1.44%
Cap Rate
0.23
DSCR
$2,044
Rent
-$3,104
Cashflow
Cash Flow
$2,044 income − $5,148 expenses = $3,104 out of pocket
Investment Breakdown
|
Purchase Price
$736k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$147k
Closing costs
1%
$7,355
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,044
Total Expenses
$5,148
Mortgage P&I
190%
$3,885
Property Taxes
23%
$461
Home Insurance
13%
$271
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0