This property looks like a bad Long-Term investment with a projected -15% first-year return on $154k initial cash invested.
-15%
Cash On Cash
3.47%
Cap Rate
0.55
DSCR
$3,926
Rent
-$1,929
Cashflow
Cash Flow
$3,926 income − $5,855 expenses = $1,929 out of pocket
Investment Breakdown
|
Purchase Price
$735k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$147k
Closing costs
1%
$7,348
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,926
Total Expenses
$5,855
Mortgage P&I
98%
$3,855
Property Taxes
18%
$717
Home Insurance
7%
$262
HOA
0%
$0
Property Management
10%
$393
CapEx
5%
$196
Vacancy
6%
$236
Maintenance
5%
$196
Other
0%
$0