This property looks like a bad Long-Term investment with a projected -27% first-year return on $156k initial cash invested.
-27%
Cash On Cash
0.84%
Cap Rate
0.13
DSCR
$1,832
Rent
-$3,512
Cashflow
Cash Flow
$1,832 income − $5,344 expenses = $3,512 out of pocket
Investment Breakdown
|
Purchase Price
$743k
Downpayment
20.0%
Interest Rate
7.0%
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
$1,832
Total Expenses
$5,344
Mortgage P&I
215%
$3,943
Property Taxes
36%
$662
Home Insurance
14%
$262
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0