This property looks like a bad Long-Term investment with a projected -20.53% first-year return on $155k initial cash invested.
-20.53%
Cash On Cash
2.47%
Cap Rate
0.38
DSCR
$3,464
Rent
-$2,654
Cashflow
Cash Flow
$3,464 income − $6,118 expenses = $2,654 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$148k
Closing costs
1%
$7,388
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,464
Total Expenses
$6,118
Mortgage P&I
116%
$4,003
Property Taxes
28%
$953
Home Insurance
8%
$262
HOA
0%
$0
Property Management
10%
$346
CapEx
5%
$173
Vacancy
6%
$208
Maintenance
5%
$173
Other
0%
$0