This property looks like a bad Long-Term investment with a projected -13.8% first-year return on $155k initial cash invested.
-13.8%
Cash On Cash
3.49%
Cap Rate
0.57
DSCR
$3,476
Rent
-$1,782
Cashflow
Cash Flow
$3,476 income − $5,258 expenses = $1,782 out of pocket
Investment Breakdown
|
Purchase Price
$738k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,476
Total Expenses
$5,258
Mortgage P&I
108%
$3,754
Property Taxes
10%
$337
Home Insurance
8%
$262
HOA
0%
$0
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0