This property looks like a bad Long-Term investment with a projected -16.61% first-year return on $155k initial cash invested.
-16.61%
Cash On Cash
2.95%
Cap Rate
0.48
DSCR
$3,326
Rent
-$2,151
Cashflow
Cash Flow
$3,326 income − $5,477 expenses = $2,151 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$148k
Closing costs
1%
$7,402
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,326
Total Expenses
$5,477
Mortgage P&I
114%
$3,805
Property Taxes
18%
$588
Home Insurance
7%
$219
HOA
0%
$0
Property Management
10%
$333
CapEx
5%
$166
Vacancy
6%
$200
Maintenance
5%
$166
Other
0%
$0