This property looks like a bad Long-Term investment with a projected -22.53% first-year return on $159k initial cash invested.
-22.53%
Cash On Cash
2.39%
Cap Rate
0.35
DSCR
$3,011
Rent
-$2,980
Cashflow
Cash Flow
$3,011 income − $5,991 expenses = $2,980 out of pocket
Investment Breakdown
|
Purchase Price
$756k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$151k
Closing costs
1%
$7,559
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,011
Total Expenses
$5,991
Mortgage P&I
144%
$4,332
Property Taxes
9%
$281
Home Insurance
9%
$273
HOA
11%
$321
Property Management
10%
$301
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0