This property looks like a bad Long-Term investment with a projected -13.5% first-year return on $156k initial cash invested.
-13.5%
Cash On Cash
3.59%
Cap Rate
0.59
DSCR
$4,196
Rent
-$1,750
Cashflow
Cash Flow
$4,196 income − $5,946 expenses = $1,750 out of pocket
Investment Breakdown
|
Purchase Price
$741k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$148k
Closing costs
1%
$7,410
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,196
Total Expenses
$5,946
Mortgage P&I
90%
$3,756
Property Taxes
20%
$836
Home Insurance
6%
$262
HOA
0%
$0
Property Management
10%
$420
CapEx
5%
$210
Vacancy
6%
$252
Maintenance
5%
$210
Other
0%
$0