This property looks like a bad Long-Term investment with a projected -23.25% first-year return on $158k initial cash invested.
-23.25%
Cash On Cash
1.8%
Cap Rate
0.28
DSCR
$2,697
Rent
-$3,069
Cashflow
Cash Flow
$2,697 income − $5,766 expenses = $3,069 out of pocket
Investment Breakdown
|
Purchase Price
$754k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$151k
Closing costs
1%
$7,542
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,697
Total Expenses
$5,766
Mortgage P&I
151%
$4,064
Property Taxes
27%
$727
Home Insurance
10%
$273
HOA
0%
$0
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0