This property looks like a bad Long-Term investment with a projected -20.12% first-year return on $158k initial cash invested.
-20.12%
Cash On Cash
2.86%
Cap Rate
0.42
DSCR
$3,501
Rent
-$2,641
Cashflow
Cash Flow
$3,501 income − $6,142 expenses = $2,641 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$150k
Closing costs
1%
$7,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,501
Total Expenses
$6,142
Mortgage P&I
121%
$4,251
Property Taxes
21%
$719
Home Insurance
7%
$262
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0