This property looks like a bad Long-Term investment with a projected -19.54% first-year return on $159k initial cash invested.
-19.54%
Cash On Cash
2.27%
Cap Rate
0.37
DSCR
$3,409
Rent
-$2,594
Cashflow
Cash Flow
$3,409 income − $6,003 expenses = $2,594 out of pocket
Investment Breakdown
|
Purchase Price
$759k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$152k
Closing costs
1%
$7,585
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,409
Total Expenses
$6,003
Mortgage P&I
113%
$3,859
Property Taxes
29%
$992
Home Insurance
8%
$266
HOA
0%
$0
Property Management
10%
$341
CapEx
5%
$170
Vacancy
6%
$205
Maintenance
5%
$170
Other
0%
$0