This property looks like a bad Long-Term investment with a projected -17.42% first-year return on $157k initial cash invested.
-17.42%
Cash On Cash
3.26%
Cap Rate
0.49
DSCR
$3,950
Rent
-$2,277
Cashflow
Cash Flow
$3,950 income − $6,227 expenses = $2,277 out of pocket
Investment Breakdown
|
Purchase Price
$747k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$149k
Closing costs
1%
$7,471
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,950
Total Expenses
$6,227
Mortgage P&I
104%
$4,106
Property Taxes
21%
$831
Home Insurance
7%
$262
HOA
0%
$0
Property Management
10%
$395
CapEx
5%
$198
Vacancy
6%
$237
Maintenance
5%
$198
Other
0%
$0