This property looks like a bad Long-Term investment with a projected -16.69% first-year return on $155k initial cash invested.
-16.69%
Cash On Cash
2.91%
Cap Rate
0.47
DSCR
$2,960
Rent
-$2,159
Cashflow
Cash Flow
$2,960 income − $5,119 expenses = $2,159 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
6.7%
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
$2,960
Total Expenses
$5,119
Mortgage P&I
128%
$3,800
Property Taxes
10%
$290
Home Insurance
9%
$259
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0