This property looks like a bad Long-Term investment with a projected -17.57% first-year return on $156k initial cash invested.
-17.57%
Cash On Cash
3.21%
Cap Rate
0.49
DSCR
$3,815
Rent
-$2,283
Cashflow
Cash Flow
$3,815 income − $6,098 expenses = $2,283 out of pocket
Investment Breakdown
|
Purchase Price
$743k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$149k
Closing costs
1%
$7,425
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,815
Total Expenses
$6,098
Mortgage P&I
107%
$4,080
Property Taxes
20%
$763
Home Insurance
7%
$262
HOA
0%
$0
Property Management
10%
$382
CapEx
5%
$191
Vacancy
6%
$229
Maintenance
5%
$191
Other
0%
$0