This property looks like a bad Long-Term investment with a projected -21.17% first-year return on $155k initial cash invested.
-21.17%
Cash On Cash
1.97%
Cap Rate
0.32
DSCR
$3,662
Rent
-$2,735
Cashflow
Cash Flow
$3,662 income − $6,397 expenses = $2,735 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%
$7,384
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,662
Total Expenses
$6,397
Mortgage P&I
103%
$3,765
Property Taxes
32%
$1,164
Home Insurance
7%
$255
HOA
7%
$261
Property Management
10%
$366
CapEx
5%
$183
Vacancy
6%
$220
Maintenance
5%
$183
Other
0%
$0