This property looks like a bad Long-Term investment with a projected -17.79% first-year return on $158k initial cash invested.
-17.79%
Cash On Cash
2.91%
Cap Rate
0.45
DSCR
$2,989
Rent
-$2,347
Cashflow
Cash Flow
$2,989 income − $5,336 expenses = $2,347 out of pocket
Investment Breakdown
|
Purchase Price
$754k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$151k
Closing costs
1%
$7,540
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,989
Total Expenses
$5,336
Mortgage P&I
135%
$4,028
Property Taxes
8%
$252
Home Insurance
9%
$280
HOA
0%
$0
Property Management
10%
$299
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0