This property looks like a bad Long-Term investment with a projected -14.39% first-year return on $159k initial cash invested.
-14.39%
Cash On Cash
3.62%
Cap Rate
0.58
DSCR
$4,400
Rent
-$1,907
Cashflow
Cash Flow
$4,400 income − $6,307 expenses = $1,907 out of pocket
Investment Breakdown
|
Purchase Price
$758k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$152k
Closing costs
1%
$7,575
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,400
Total Expenses
$6,307
Mortgage P&I
90%
$3,973
Property Taxes
21%
$919
Home Insurance
6%
$271
HOA
0%
$0
Property Management
10%
$440
CapEx
5%
$220
Vacancy
6%
$264
Maintenance
5%
$220
Other
0%
$0