This property looks like a bad Long-Term investment with a projected -17.13% first-year return on $155k initial cash invested.
-17.13%
Cash On Cash
3.13%
Cap Rate
0.49
DSCR
$3,430
Rent
-$2,214
Cashflow
Cash Flow
$3,430 income − $5,644 expenses = $2,214 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$148k
Closing costs
1%
$7,385
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,430
Total Expenses
$5,644
Mortgage P&I
116%
$3,968
Property Taxes
16%
$538
Home Insurance
7%
$245
HOA
0%
$0
Property Management
10%
$343
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0