This property looks like a bad Long-Term investment with a projected -24.73% first-year return on $155k initial cash invested.
-24.73%
Cash On Cash
1.14%
Cap Rate
0.19
DSCR
$3,321
Rent
-$3,193
Cashflow
Cash Flow
$3,321 income − $6,514 expenses = $3,193 out of pocket
Investment Breakdown
|
Purchase Price
$738k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$148k
Closing costs
1%
$7,379
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,321
Total Expenses
$6,514
Mortgage P&I
112%
$3,731
Property Taxes
34%
$1,132
Home Insurance
24%
$788
HOA
0%
$0
Property Management
10%
$332
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0