This property looks like a bad Long-Term investment with a projected -24.38% first-year return on $156k initial cash invested.
-24.38%
Cash On Cash
1.49%
Cap Rate
0.23
DSCR
$2,351
Rent
-$3,178
Cashflow
Cash Flow
$2,351 income − $5,529 expenses = $3,178 out of pocket
Investment Breakdown
|
Purchase Price
$745k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$149k
Closing costs
1%
$7,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,351
Total Expenses
$5,529
Mortgage P&I
169%
$3,984
Property Taxes
25%
$585
Home Insurance
15%
$348
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0