This property looks like a bad Long-Term investment with a projected -19.99% first-year return on $159k initial cash invested.
-19.99%
Cash On Cash
2.61%
Cap Rate
0.4
DSCR
$3,350
Rent
-$2,641
Cashflow
Cash Flow
$3,350 income − $5,991 expenses = $2,641 out of pocket
Investment Breakdown
|
Purchase Price
$755k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$151k
Closing costs
1%
$7,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,350
Total Expenses
$5,991
Mortgage P&I
123%
$4,113
Property Taxes
22%
$742
Home Insurance
8%
$264
HOA
0%
$0
Property Management
10%
$335
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0