This property looks like a bad Long-Term investment with a projected -19.36% first-year return on $157k initial cash invested.
-19.36%
Cash On Cash
2.29%
Cap Rate
0.37
DSCR
$2,881
Rent
-$2,531
Cashflow
Cash Flow
$2,881 income − $5,412 expenses = $2,531 out of pocket
Investment Breakdown
|
Purchase Price
$747k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$149k
Closing costs
1%
$7,470
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,881
Total Expenses
$5,412
Mortgage P&I
132%
$3,814
Property Taxes
20%
$590
Home Insurance
9%
$259
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0