This property looks like a bad Long-Term investment with a projected -19.08% first-year return on $157k initial cash invested.
-19.08%
Cash On Cash
2.61%
Cap Rate
0.41
DSCR
$2,786
Rent
-$2,494
Cashflow
Cash Flow
$2,786 income − $5,280 expenses = $2,494 out of pocket
Investment Breakdown
|
Purchase Price
$747k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$149k
Closing costs
1%
$7,470
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,786
Total Expenses
$5,280
Mortgage P&I
143%
$3,982
Property Taxes
11%
$313
Home Insurance
9%
$261
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0