This property looks like a bad Long-Term investment with a projected -17.5% first-year return on $159k initial cash invested.
-17.5%
Cash On Cash
3.01%
Cap Rate
0.47
DSCR
$3,549
Rent
-$2,325
Cashflow
Cash Flow
$3,549 income − $5,874 expenses = $2,325 out of pocket
Investment Breakdown
|
Purchase Price
$759k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$152k
Closing costs
1%
$7,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,549
Total Expenses
$5,874
Mortgage P&I
114%
$4,050
Property Taxes
16%
$566
Home Insurance
8%
$266
HOA
2%
$70
Property Management
10%
$355
CapEx
5%
$177
Vacancy
6%
$213
Maintenance
5%
$177
Other
0%
$0