This property looks like a bad Long-Term investment with a projected -24.24% first-year return on $156k initial cash invested.
-24.24%
Cash On Cash
1.47%
Cap Rate
0.23
DSCR
$1,962
Rent
-$3,147
Cashflow
Cash Flow
$1,962 income − $5,109 expenses = $3,147 out of pocket
Investment Breakdown
|
Purchase Price
$742k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$148k
Closing costs
1%
$7,419
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,962
Total Expenses
$5,109
Mortgage P&I
202%
$3,960
Property Taxes
19%
$364
Home Insurance
14%
$275
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0