This property looks like a bad Long-Term investment with a projected -21.41% first-year return on $156k initial cash invested.
-21.41%
Cash On Cash
2.14%
Cap Rate
0.33
DSCR
$2,950
Rent
-$2,778
Cashflow
Cash Flow
$2,950 income − $5,728 expenses = $2,778 out of pocket
Investment Breakdown
|
Purchase Price
$742k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$148k
Closing costs
1%
$7,415
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,950
Total Expenses
$5,728
Mortgage P&I
134%
$3,954
Property Taxes
23%
$693
Home Insurance
9%
$275
HOA
1%
$38
Property Management
10%
$295
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0