This property looks like a bad Long-Term investment with a projected -21.05% first-year return on $156k initial cash invested.
-21.05%
Cash On Cash
2.24%
Cap Rate
0.35
DSCR
$3,143
Rent
-$2,744
Cashflow
Cash Flow
$3,143 income − $5,887 expenses = $2,744 out of pocket
Investment Breakdown
|
Purchase Price
$745k
Downpayment
20.0%
Interest Rate
7.0%
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
$3,143
Total Expenses
$5,887
Mortgage P&I
127%
$3,980
Property Taxes
23%
$723
Home Insurance
8%
$261
HOA
3%
$106
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$189
Maintenance
5%
$157
Other
0%
$0