This property looks like a bad Long-Term investment with a projected -14.43% first-year return on $155k initial cash invested.
-14.43%
Cash On Cash
3.71%
Cap Rate
0.58
DSCR
$4,217
Rent
-$1,869
Cashflow
Cash Flow
$4,217 income − $6,086 expenses = $1,869 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$148k
Closing costs
1%
$7,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,217
Total Expenses
$6,086
Mortgage P&I
94%
$3,948
Property Taxes
19%
$782
Home Insurance
6%
$259
HOA
0%
$0
Property Management
10%
$422
CapEx
5%
$211
Vacancy
6%
$253
Maintenance
5%
$211
Other
0%
$0