This property looks like a bad Long-Term investment with a projected -17.92% first-year return on $155k initial cash invested.
-17.92%
Cash On Cash
2.95%
Cap Rate
0.46
DSCR
$3,491
Rent
-$2,318
Cashflow
Cash Flow
$3,491 income − $5,809 expenses = $2,318 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$148k
Closing costs
1%
$7,391
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,491
Total Expenses
$5,809
Mortgage P&I
113%
$3,962
Property Taxes
19%
$647
Home Insurance
8%
$292
HOA
0%
$0
Property Management
10%
$349
CapEx
5%
$175
Vacancy
6%
$209
Maintenance
5%
$175
Other
0%
$0