This property looks like a bad Long-Term investment with a projected -21.77% first-year return on $157k initial cash invested.
-21.77%
Cash On Cash
1.66%
Cap Rate
0.27
DSCR
$1,837
Rent
-$2,853
Cashflow
Cash Flow
$1,837 income − $4,690 expenses = $2,853 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$150k
Closing costs
1%
$7,489
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,837
Total Expenses
$4,690
Mortgage P&I
207%
$3,797
Property Taxes
8%
$153
Home Insurance
14%
$262
HOA
0%
$0
Property Management
10%
$184
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0