This property looks like a bad Long-Term investment with a projected -18.64% first-year return on $155k initial cash invested.
-18.64%
Cash On Cash
2.41%
Cap Rate
0.39
DSCR
$2,688
Rent
-$2,409
Cashflow
Cash Flow
$2,688 income − $5,097 expenses = $2,409 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$148k
Closing costs
1%
$7,387
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,688
Total Expenses
$5,097
Mortgage P&I
140%
$3,758
Property Taxes
14%
$382
Home Insurance
10%
$259
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0