This property looks like a bad Long-Term investment with a projected -15.5% first-year return on $153k initial cash invested.
-15.5%
Cash On Cash
3.54%
Cap Rate
0.55
DSCR
$3,959
Rent
-$1,982
Cashflow
Cash Flow
$3,959 income − $5,941 expenses = $1,982 out of pocket
Investment Breakdown
|
Purchase Price
$731k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$153k
Downpayment
20%
$146k
Closing costs
1%
$7,305
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,959
Total Expenses
$5,941
Mortgage P&I
99%
$3,937
Property Taxes
18%
$718
Home Insurance
6%
$256
HOA
0%
$0
Property Management
10%
$396
CapEx
5%
$198
Vacancy
6%
$238
Maintenance
5%
$198
Other
0%
$0