This property looks like a bad Long-Term investment with a projected -23.97% first-year return on $155k initial cash invested.
-23.97%
Cash On Cash
1.52%
Cap Rate
0.24
DSCR
$2,422
Rent
-$3,104
Cashflow
Cash Flow
$2,422 income − $5,526 expenses = $3,104 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$148k
Closing costs
1%
$7,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,422
Total Expenses
$5,526
Mortgage P&I
162%
$3,919
Property Taxes
10%
$238
Home Insurance
11%
$259
HOA
20%
$481
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0