This property looks like a bad Long-Term investment with a projected -18.19% first-year return on $159k initial cash invested.
-18.19%
Cash On Cash
2.99%
Cap Rate
0.46
DSCR
$3,499
Rent
-$2,412
Cashflow
Cash Flow
$3,499 income − $5,911 expenses = $2,412 out of pocket
Investment Breakdown
|
Purchase Price
$758k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$152k
Closing costs
1%
$7,578
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,499
Total Expenses
$5,911
Mortgage P&I
118%
$4,127
Property Taxes
17%
$603
Home Insurance
8%
$271
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0