This property looks like a bad Long-Term investment with a projected -15.81% first-year return on $156k initial cash invested.
-15.81%
Cash On Cash
3.62%
Cap Rate
0.55
DSCR
$3,897
Rent
-$2,057
Cashflow
Cash Flow
$3,897 income − $5,954 expenses = $2,057 out of pocket
Investment Breakdown
|
Purchase Price
$744k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$149k
Closing costs
1%
$7,436
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,897
Total Expenses
$5,954
Mortgage P&I
105%
$4,105
Property Taxes
15%
$573
Home Insurance
7%
$262
HOA
0%
$0
Property Management
10%
$390
CapEx
5%
$195
Vacancy
6%
$234
Maintenance
5%
$195
Other
0%
$0