This property looks like a bad Long-Term investment with a projected -22.37% first-year return on $157k initial cash invested.
-22.37%
Cash On Cash
2.18%
Cap Rate
0.33
DSCR
$2,428
Rent
-$2,931
Cashflow
Cash Flow
$2,428 income − $5,359 expenses = $2,931 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$150k
Closing costs
1%
$7,487
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,428
Total Expenses
$5,359
Mortgage P&I
172%
$4,172
Property Taxes
11%
$276
Home Insurance
12%
$280
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$121
Vacancy
6%
$146
Maintenance
5%
$121
Other
0%
$0