This property looks like a bad Long-Term investment with a projected -20.9% first-year return on $156k initial cash invested.
-20.9%
Cash On Cash
2.37%
Cap Rate
0.36
DSCR
$2,847
Rent
-$2,725
Cashflow
Cash Flow
$2,847 income − $5,572 expenses = $2,725 out of pocket
Investment Breakdown
|
Purchase Price
$745k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$149k
Closing costs
1%
$7,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,847
Total Expenses
$5,572
Mortgage P&I
142%
$4,053
Property Taxes
18%
$510
Home Insurance
9%
$269
HOA
0%
$0
Property Management
10%
$285
CapEx
5%
$142
Vacancy
6%
$171
Maintenance
5%
$142
Other
0%
$0