This property looks like a bad Long-Term investment with a projected -23.34% first-year return on $156k initial cash invested.
-23.34%
Cash On Cash
1.74%
Cap Rate
0.27
DSCR
$2,168
Rent
-$3,035
Cashflow
Cash Flow
$2,168 income − $5,203 expenses = $3,035 out of pocket
Investment Breakdown
|
Purchase Price
$743k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$149k
Closing costs
1%
$7,430
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,168
Total Expenses
$5,203
Mortgage P&I
185%
$4,005
Property Taxes
17%
$373
Home Insurance
12%
$262
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0