This property looks like a bad Long-Term investment with a projected -21.37% first-year return on $156k initial cash invested.
-21.37%
Cash On Cash
1.73%
Cap Rate
0.29
DSCR
$2,506
Rent
-$2,784
Cashflow
Cash Flow
$2,506 income − $5,290 expenses = $2,784 out of pocket
Investment Breakdown
|
Purchase Price
$745k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$149k
Closing costs
1%
$7,446
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,506
Total Expenses
$5,290
Mortgage P&I
149%
$3,735
Property Taxes
25%
$633
Home Insurance
11%
$271
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0