This property looks like a bad Long-Term investment with a projected -17.01% first-year return on $157k initial cash invested.
-17.01%
Cash On Cash
3.15%
Cap Rate
0.49
DSCR
$3,249
Rent
-$2,230
Cashflow
Cash Flow
$3,249 income − $5,479 expenses = $2,230 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$150k
Closing costs
1%
$7,491
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,249
Total Expenses
$5,479
Mortgage P&I
124%
$4,032
Property Taxes
6%
$203
Home Insurance
8%
$266
HOA
4%
$134
Property Management
10%
$325
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0