This property looks like a bad Long-Term investment with a projected -15.03% first-year return on $156k initial cash invested.
-15.03%
Cash On Cash
3.2%
Cap Rate
0.53
DSCR
$3,555
Rent
-$1,949
Cashflow
Cash Flow
$3,555 income − $5,504 expenses = $1,949 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
$3,555
Total Expenses
$5,504
Mortgage P&I
105%
$3,749
Property Taxes
16%
$568
Home Insurance
7%
$262
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$213
Maintenance
5%
$178
Other
0%
$0