This property looks like a bad Long-Term investment with a projected -18.15% first-year return on $157k initial cash invested.
-18.15%
Cash On Cash
2.97%
Cap Rate
0.46
DSCR
$3,575
Rent
-$2,382
Cashflow
Cash Flow
$3,575 income − $5,957 expenses = $2,382 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$150k
Closing costs
1%
$7,498
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,575
Total Expenses
$5,957
Mortgage P&I
114%
$4,061
Property Taxes
20%
$704
Home Insurance
7%
$262
HOA
0%
$0
Property Management
10%
$358
CapEx
5%
$179
Vacancy
6%
$214
Maintenance
5%
$179
Other
0%
$0