This property looks like a bad Long-Term investment with a projected -22.27% first-year return on $155k initial cash invested.
-22.27%
Cash On Cash
1.58%
Cap Rate
0.26
DSCR
$2,130
Rent
-$2,874
Cashflow
Cash Flow
$2,130 income − $5,004 expenses = $2,874 out of pocket
Investment Breakdown
|
Purchase Price
$738k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$148k
Closing costs
1%
$7,376
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,130
Total Expenses
$5,004
Mortgage P&I
176%
$3,740
Property Taxes
21%
$443
Home Insurance
13%
$268
HOA
0%
$0
Property Management
10%
$213
CapEx
5%
$106
Vacancy
6%
$128
Maintenance
5%
$106
Other
0%
$0