This property looks like a bad Long-Term investment with a projected -18.53% first-year return on $155k initial cash invested.
-18.53%
Cash On Cash
2.92%
Cap Rate
0.44
DSCR
$2,900
Rent
-$2,397
Cashflow
Cash Flow
$2,900 income − $5,297 expenses = $2,397 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$148k
Closing costs
1%
$7,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,900
Total Expenses
$5,297
Mortgage P&I
140%
$4,052
Property Taxes
8%
$224
Home Insurance
9%
$259
HOA
0%
$8
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0