This property looks like a bad Long-Term investment with a projected -12.98% first-year return on $157k initial cash invested.
-12.98%
Cash On Cash
4.14%
Cap Rate
0.64
DSCR
$4,526
Rent
-$1,702
Cashflow
Cash Flow
$4,526 income − $6,228 expenses = $1,702 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$150k
Closing costs
1%
$7,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,526
Total Expenses
$6,228
Mortgage P&I
90%
$4,059
Property Taxes
16%
$730
Home Insurance
6%
$262
HOA
0%
$0
Property Management
10%
$453
CapEx
5%
$226
Vacancy
6%
$272
Maintenance
5%
$226
Other
0%
$0