This property looks like a bad Long-Term investment with a projected -17.55% first-year return on $159k initial cash invested.
-17.55%
Cash On Cash
2.55%
Cap Rate
0.43
DSCR
$3,312
Rent
-$2,328
Cashflow
Cash Flow
$3,312 income − $5,640 expenses = $2,328 out of pocket
Investment Breakdown
|
Purchase Price
$758k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$152k
Closing costs
1%
$7,580
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,312
Total Expenses
$5,640
Mortgage P&I
114%
$3,773
Property Taxes
22%
$727
Home Insurance
8%
$278
HOA
0%
$0
Property Management
10%
$331
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0