This property looks like a bad Long-Term investment with a projected -18.7% first-year return on $154k initial cash invested.
-18.7%
Cash On Cash
2.44%
Cap Rate
0.4
DSCR
$2,812
Rent
-$2,401
Cashflow
Cash Flow
$2,812 income − $5,213 expenses = $2,401 out of pocket
Investment Breakdown
|
Purchase Price
$734k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$147k
Closing costs
1%
$7,336
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,812
Total Expenses
$5,213
Mortgage P&I
133%
$3,749
Property Taxes
17%
$470
Home Insurance
9%
$262
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0