This property looks like a bad Long-Term investment with a projected -16.97% first-year return on $156k initial cash invested.
-16.97%
Cash On Cash
3.02%
Cap Rate
0.48
DSCR
$3,499
Rent
-$2,208
Cashflow
Cash Flow
$3,499 income − $5,707 expenses = $2,208 out of pocket
Investment Breakdown
|
Purchase Price
$744k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$149k
Closing costs
1%
$7,437
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,499
Total Expenses
$5,707
Mortgage P&I
112%
$3,902
Property Taxes
18%
$633
Home Insurance
7%
$262
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0