This property looks like a bad Long-Term investment with a projected -21.78% first-year return on $156k initial cash invested.
-21.78%
Cash On Cash
2.33%
Cap Rate
0.35
DSCR
$4,195
Rent
-$2,836
Cashflow
Cash Flow
$4,195 income − $7,031 expenses = $2,836 out of pocket
Investment Breakdown
|
Purchase Price
$744k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$156k
Downpayment
20%
$149k
Closing costs
1%
$7,439
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,195
Total Expenses
$7,031
Mortgage P&I
97%
$4,069
Property Taxes
26%
$1,080
Home Insurance
7%
$298
HOA
12%
$492
Property Management
10%
$420
CapEx
5%
$210
Vacancy
6%
$252
Maintenance
5%
$210
Other
0%
$0