This property looks like a bad Long-Term investment with a projected -16.4% first-year return on $155k initial cash invested.
-16.4%
Cash On Cash
2.93%
Cap Rate
0.48
DSCR
$3,564
Rent
-$2,124
Cashflow
Cash Flow
$3,564 income − $5,688 expenses = $2,124 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$148k
Closing costs
1%
$7,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,564
Total Expenses
$5,688
Mortgage P&I
105%
$3,753
Property Taxes
21%
$750
Home Insurance
7%
$259
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0