This property looks like a bad Long-Term investment with a projected -24.84% first-year return on $159k initial cash invested.
-24.84%
Cash On Cash
1.6%
Cap Rate
0.24
DSCR
$2,021
Rent
-$3,299
Cashflow
Cash Flow
$2,021 income − $5,320 expenses = $3,299 out of pocket
Investment Breakdown
|
Purchase Price
$759k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,021
Total Expenses
$5,320
Mortgage P&I
208%
$4,207
Property Taxes
16%
$322
Home Insurance
13%
$266
HOA
0%
$0
Property Management
10%
$202
CapEx
5%
$101
Vacancy
6%
$121
Maintenance
5%
$101
Other
0%
$0