This property looks like a bad Long-Term investment with a projected -21.32% first-year return on $155k initial cash invested.
-21.32%
Cash On Cash
2.34%
Cap Rate
0.36
DSCR
$2,923
Rent
-$2,751
Cashflow
Cash Flow
$2,923 income − $5,674 expenses = $2,751 out of pocket
Investment Breakdown
|
Purchase Price
$737k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$147k
Closing costs
1%
$7,374
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,923
Total Expenses
$5,674
Mortgage P&I
138%
$4,041
Property Taxes
21%
$612
Home Insurance
9%
$262
HOA
0%
$0
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0