This property looks like a bad Long-Term investment with a projected -11.6% first-year return on $159k initial cash invested.
-11.6%
Cash On Cash
3.96%
Cap Rate
0.65
DSCR
$3,776
Rent
-$1,536
Cashflow
Cash Flow
$3,776 income − $5,312 expenses = $1,536 out of pocket
Investment Breakdown
|
Purchase Price
$757k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$151k
Closing costs
1%
$7,565
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,776
Total Expenses
$5,312
Mortgage P&I
102%
$3,842
Property Taxes
6%
$219
Home Insurance
7%
$268
HOA
0%
$0
Property Management
10%
$378
CapEx
5%
$189
Vacancy
6%
$227
Maintenance
5%
$189
Other
0%
$0