This property looks like a bad Long-Term investment with a projected -17.61% first-year return on $157k initial cash invested.
-17.61%
Cash On Cash
3.02%
Cap Rate
0.47
DSCR
$3,626
Rent
-$2,308
Cashflow
Cash Flow
$3,626 income − $5,934 expenses = $2,308 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$150k
Closing costs
1%
$7,488
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,626
Total Expenses
$5,934
Mortgage P&I
111%
$4,010
Property Taxes
20%
$719
Home Insurance
7%
$262
HOA
0%
$0
Property Management
10%
$363
CapEx
5%
$181
Vacancy
6%
$218
Maintenance
5%
$181
Other
0%
$0