This property looks like a bad Long-Term investment with a projected -18.44% first-year return on $156k initial cash invested.
-18.44%
Cash On Cash
2.95%
Cap Rate
0.45
DSCR
$3,548
Rent
-$2,392
Cashflow
Cash Flow
$3,548 income − $5,940 expenses = $2,392 out of pocket
Investment Breakdown
|
Purchase Price
$741k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$148k
Closing costs
1%
$7,414
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,548
Total Expenses
$5,940
Mortgage P&I
114%
$4,039
Property Taxes
20%
$717
Home Insurance
7%
$262
HOA
0%
$0
Property Management
10%
$355
CapEx
5%
$177
Vacancy
6%
$213
Maintenance
5%
$177
Other
0%
$0