This property looks like a bad Long-Term investment with a projected -19.96% first-year return on $154k initial cash invested.
-19.96%
Cash On Cash
2.44%
Cap Rate
0.38
DSCR
$2,411
Rent
-$2,567
Cashflow
Cash Flow
$2,411 income − $4,978 expenses = $2,567 out of pocket
Investment Breakdown
|
Purchase Price
$735k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$154k
Downpayment
20%
$147k
Closing costs
1%
$7,349
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,411
Total Expenses
$4,978
Mortgage P&I
164%
$3,943
Property Taxes
6%
$150
Home Insurance
11%
$257
HOA
0%
$0
Property Management
10%
$241
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0