This property looks like a bad Long-Term investment with a projected -11.4% first-year return on $155k initial cash invested.
-11.4%
Cash On Cash
4.38%
Cap Rate
0.68
DSCR
$4,549
Rent
-$1,474
Cashflow
Cash Flow
$4,549 income − $6,023 expenses = $1,474 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$148k
Closing costs
1%
$7,388
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,549
Total Expenses
$6,023
Mortgage P&I
87%
$3,941
Property Taxes
14%
$614
Home Insurance
6%
$286
HOA
0%
$0
Property Management
10%
$455
CapEx
5%
$227
Vacancy
6%
$273
Maintenance
5%
$227
Other
0%
$0