This property looks like a bad Long-Term investment with a projected -21.09% first-year return on $155k initial cash invested.
-21.09%
Cash On Cash
2.45%
Cap Rate
0.37
DSCR
$2,536
Rent
-$2,723
Cashflow
Cash Flow
$2,536 income − $5,259 expenses = $2,723 out of pocket
Investment Breakdown
|
Purchase Price
$738k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$148k
Closing costs
1%
$7,379
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,536
Total Expenses
$5,259
Mortgage P&I
162%
$4,105
Property Taxes
9%
$223
Home Insurance
11%
$271
HOA
0%
$0
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0