This property looks like a bad Long-Term investment with a projected -17.91% first-year return on $155k initial cash invested.
-17.91%
Cash On Cash
2.91%
Cap Rate
0.45
DSCR
$3,210
Rent
-$2,319
Cashflow
Cash Flow
$3,210 income − $5,529 expenses = $2,319 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$148k
Closing costs
1%
$7,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,210
Total Expenses
$5,529
Mortgage P&I
123%
$3,956
Property Taxes
15%
$480
Home Insurance
8%
$259
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$160
Vacancy
6%
$193
Maintenance
5%
$160
Other
0%
$0