This property looks like a bad Long-Term investment with a projected -13.96% first-year return on $155k initial cash invested.
-13.96%
Cash On Cash
3.47%
Cap Rate
0.57
DSCR
$3,671
Rent
-$1,806
Cashflow
Cash Flow
$3,671 income − $5,477 expenses = $1,806 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%
$7,392
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,671
Total Expenses
$5,477
Mortgage P&I
102%
$3,760
Property Taxes
14%
$500
Home Insurance
7%
$262
HOA
0%
$0
Property Management
10%
$367
CapEx
5%
$184
Vacancy
6%
$220
Maintenance
5%
$184
Other
0%
$0