This property looks like a bad Long-Term investment with a projected -16.8% first-year return on $158k initial cash invested.
-16.8%
Cash On Cash
3.16%
Cap Rate
0.5
DSCR
$3,919
Rent
-$2,205
Cashflow
Cash Flow
$3,919 income − $6,124 expenses = $2,205 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$150k
Closing costs
1%
$7,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,919
Total Expenses
$6,124
Mortgage P&I
102%
$3,981
Property Taxes
22%
$862
Home Insurance
7%
$262
HOA
0%
$0
Property Management
10%
$392
CapEx
5%
$196
Vacancy
6%
$235
Maintenance
5%
$196
Other
0%
$0