This property looks like a bad Long-Term investment with a projected -18.89% first-year return on $159k initial cash invested.
-18.89%
Cash On Cash
2.61%
Cap Rate
0.41
DSCR
$2,978
Rent
-$2,509
Cashflow
Cash Flow
$2,978 income − $5,487 expenses = $2,509 out of pocket
Investment Breakdown
|
Purchase Price
$759k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$152k
Closing costs
1%
$7,591
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,978
Total Expenses
$5,487
Mortgage P&I
135%
$4,014
Property Taxes
14%
$422
Home Insurance
9%
$276
HOA
0%
$0
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0