This property looks like a bad Long-Term investment with a projected -17.93% first-year return on $159k initial cash invested.
-17.93%
Cash On Cash
2.96%
Cap Rate
0.46
DSCR
$3,010
Rent
-$2,380
Cashflow
Cash Flow
$3,010 income − $5,390 expenses = $2,380 out of pocket
Investment Breakdown
|
Purchase Price
$759k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$152k
Closing costs
1%
$7,586
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,010
Total Expenses
$5,390
Mortgage P&I
136%
$4,099
Property Taxes
6%
$187
Home Insurance
9%
$280
HOA
1%
$42
Property Management
10%
$301
CapEx
5%
$150
Vacancy
6%
$181
Maintenance
5%
$150
Other
0%
$0