This property looks like a bad Long-Term investment with a projected -15.22% first-year return on $155k initial cash invested.
-15.22%
Cash On Cash
3.15%
Cap Rate
0.52
DSCR
$3,119
Rent
-$1,970
Cashflow
Cash Flow
$3,119 income − $5,089 expenses = $1,970 out of pocket
Investment Breakdown
|
Purchase Price
$740k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$155k
Downpayment
20%
$148k
Closing costs
1%
$7,397
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,119
Total Expenses
$5,089
Mortgage P&I
120%
$3,756
Property Taxes
8%
$249
Home Insurance
9%
$273
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0