This property looks like a bad Long-Term investment with a projected -18.68% first-year return on $156k initial cash invested.
-18.68%
Cash On Cash
2.77%
Cap Rate
0.43
DSCR
$2,820
Rent
-$2,435
Cashflow
Cash Flow
$2,820 income − $5,255 expenses = $2,435 out of pocket
Investment Breakdown
|
Purchase Price
$745k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$149k
Closing costs
1%
$7,450
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,820
Total Expenses
$5,255
Mortgage P&I
142%
$4,015
Property Taxes
8%
$236
Home Insurance
9%
$261
HOA
0%
$10
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0