This property looks like a bad Long-Term investment with a projected -19.44% first-year return on $155k initial cash invested.
-19.44%
Cash On Cash
2.18%
Cap Rate
0.36
DSCR
$2,447
Rent
-$2,514
Cashflow
Cash Flow
$2,447 income − $4,961 expenses = $2,514 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$148k
Closing costs
1%
$7,389
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,447
Total Expenses
$4,961
Mortgage P&I
153%
$3,735
Property Taxes
13%
$319
Home Insurance
11%
$271
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0