This property looks like a bad Long-Term investment with a projected -21.03% first-year return on $157k initial cash invested.
-21.03%
Cash On Cash
2.37%
Cap Rate
0.36
DSCR
$3,315
Rent
-$2,757
Cashflow
Cash Flow
$3,315 income − $6,072 expenses = $2,757 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
$3,315
Total Expenses
$6,072
Mortgage P&I
123%
$4,073
Property Taxes
23%
$749
Home Insurance
8%
$262
HOA
4%
$125
Property Management
10%
$332
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0