This property looks like a bad Long-Term investment with a projected -14.48% first-year return on $154k initial cash invested.
-14.48%
Cash On Cash
3.4%
Cap Rate
0.55
DSCR
$3,819
Rent
-$1,862
Cashflow
Cash Flow
$3,819 income − $5,681 expenses = $1,862 out of pocket
Investment Breakdown
|
Purchase Price
$735k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$147k
Closing costs
1%
$7,348
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,819
Total Expenses
$5,681
Mortgage P&I
98%
$3,755
Property Taxes
17%
$662
Home Insurance
7%
$271
HOA
0%
$0
Property Management
10%
$382
CapEx
5%
$191
Vacancy
6%
$229
Maintenance
5%
$191
Other
0%
$0