This property looks like a bad Long-Term investment with a projected -23.36% first-year return on $157k initial cash invested.
-23.36%
Cash On Cash
1.77%
Cap Rate
0.27
DSCR
$2,638
Rent
-$3,051
Cashflow
Cash Flow
$2,638 income − $5,689 expenses = $3,051 out of pocket
Investment Breakdown
|
Purchase Price
$746k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$149k
Closing costs
1%
$7,463
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,638
Total Expenses
$5,689
Mortgage P&I
152%
$4,022
Property Taxes
27%
$710
Home Insurance
10%
$271
HOA
0%
$0
Property Management
10%
$264
CapEx
5%
$132
Vacancy
6%
$158
Maintenance
5%
$132
Other
0%
$0