This property looks like a bad Long-Term investment with a projected -17.59% first-year return on $157k initial cash invested.
-17.59%
Cash On Cash
2.91%
Cap Rate
0.46
DSCR
$3,365
Rent
-$2,296
Cashflow
Cash Flow
$3,365 income − $5,661 expenses = $2,296 out of pocket
Investment Breakdown
|
Purchase Price
$746k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$149k
Closing costs
1%
$7,457
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,365
Total Expenses
$5,661
Mortgage P&I
117%
$3,939
Property Taxes
17%
$584
Home Insurance
8%
$264
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0