This property looks like a bad Long-Term investment with a projected -14.04% first-year return on $158k initial cash invested.
-14.04%
Cash On Cash
3.5%
Cap Rate
0.57
DSCR
$3,213
Rent
-$1,853
Cashflow
Cash Flow
$3,213 income − $5,066 expenses = $1,853 out of pocket
Investment Breakdown
|
Purchase Price
$754k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$151k
Closing costs
1%
$7,542
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,213
Total Expenses
$5,066
Mortgage P&I
121%
$3,891
Property Taxes
3%
$83
Home Insurance
8%
$256
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0