This property looks like a bad Long-Term investment with a projected -18.67% first-year return on $156k initial cash invested.
-18.67%
Cash On Cash
2.9%
Cap Rate
0.44
DSCR
$3,732
Rent
-$2,420
Cashflow
Cash Flow
$3,732 income − $6,152 expenses = $2,420 out of pocket
Investment Breakdown
|
Purchase Price
$741k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$148k
Closing costs
1%
$7,406
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,732
Total Expenses
$6,152
Mortgage P&I
108%
$4,021
Property Taxes
19%
$709
Home Insurance
7%
$266
HOA
5%
$185
Property Management
10%
$373
CapEx
5%
$187
Vacancy
6%
$224
Maintenance
5%
$187
Other
0%
$0