This property looks like a bad Long-Term investment with a projected -16.7% first-year return on $157k initial cash invested.
-16.7%
Cash On Cash
3.23%
Cap Rate
0.5
DSCR
$3,918
Rent
-$2,182
Cashflow
Cash Flow
$3,918 income − $6,100 expenses = $2,182 out of pocket
Investment Breakdown
|
Purchase Price
$747k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$149k
Closing costs
1%
$7,467
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,918
Total Expenses
$6,100
Mortgage P&I
102%
$3,998
Property Taxes
19%
$736
Home Insurance
7%
$262
HOA
2%
$85
Property Management
10%
$392
CapEx
5%
$196
Vacancy
6%
$235
Maintenance
5%
$196
Other
0%
$0