This property looks like a bad Long-Term investment with a projected -17% first-year return on $158k initial cash invested.
-17%
Cash On Cash
3.39%
Cap Rate
0.51
DSCR
$3,580
Rent
-$2,231
Cashflow
Cash Flow
$3,580 income − $5,811 expenses = $2,231 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$150k
Closing costs
1%
$7,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,580
Total Expenses
$5,811
Mortgage P&I
117%
$4,171
Property Taxes
7%
$248
Home Insurance
7%
$262
HOA
6%
$199
Property Management
10%
$358
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0