This property looks like a bad Long-Term investment with a projected -10.83% first-year return on $156k initial cash invested.
-10.83%
Cash On Cash
4.14%
Cap Rate
0.68
DSCR
$4,272
Rent
-$1,409
Cashflow
Cash Flow
$4,272 income − $5,681 expenses = $1,409 out of pocket
Investment Breakdown
|
Purchase Price
$743k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$149k
Closing costs
1%
$7,433
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,272
Total Expenses
$5,681
Mortgage P&I
88%
$3,758
Property Taxes
13%
$546
Home Insurance
6%
$266
HOA
0%
$0
Property Management
10%
$427
CapEx
5%
$214
Vacancy
6%
$256
Maintenance
5%
$214
Other
0%
$0