This property looks like a bad Long-Term investment with a projected -21.1% first-year return on $157k initial cash invested.
-21.1%
Cash On Cash
2.06%
Cap Rate
0.33
DSCR
$2,819
Rent
-$2,766
Cashflow
Cash Flow
$2,819 income − $5,585 expenses = $2,766 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
6.8%
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
$2,819
Total Expenses
$5,585
Mortgage P&I
139%
$3,910
Property Taxes
24%
$680
Home Insurance
9%
$262
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0