This property looks like a bad Long-Term investment with a projected -17.04% first-year return on $159k initial cash invested.
-17.04%
Cash On Cash
3.34%
Cap Rate
0.51
DSCR
$4,013
Rent
-$2,251
Cashflow
Cash Flow
$4,013 income − $6,264 expenses = $2,251 out of pocket
Investment Breakdown
|
Purchase Price
$755k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$151k
Closing costs
1%
$7,548
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,013
Total Expenses
$6,264
Mortgage P&I
103%
$4,148
Property Taxes
20%
$810
Home Insurance
7%
$262
HOA
0%
$0
Property Management
10%
$401
CapEx
5%
$201
Vacancy
6%
$241
Maintenance
5%
$201
Other
0%
$0