This property looks like a bad Long-Term investment with a projected -17.31% first-year return on $155k initial cash invested.
-17.31%
Cash On Cash
2.64%
Cap Rate
0.44
DSCR
$2,600
Rent
-$2,237
Cashflow
Cash Flow
$2,600 income − $4,837 expenses = $2,237 out of pocket
Investment Breakdown
|
Purchase Price
$739k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$148k
Closing costs
1%
$7,385
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,600
Total Expenses
$4,837
Mortgage P&I
144%
$3,733
Property Taxes
7%
$170
Home Insurance
10%
$258
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0