This property looks like a bad Long-Term investment with a projected -15.12% first-year return on $155k initial cash invested.
-15.12%
Cash On Cash
3.63%
Cap Rate
0.56
DSCR
$3,420
Rent
-$1,957
Cashflow
Cash Flow
$3,420 income − $5,377 expenses = $1,957 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$148k
Closing costs
1%
$7,395
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,420
Total Expenses
$5,377
Mortgage P&I
118%
$4,023
Property Taxes
6%
$206
Home Insurance
8%
$259
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0