This property looks like a bad Long-Term investment with a projected -17.92% first-year return on $159k initial cash invested.
-17.92%
Cash On Cash
3.09%
Cap Rate
0.48
DSCR
$4,440
Rent
-$2,380
Cashflow
Cash Flow
$4,440 income − $6,820 expenses = $2,380 out of pocket
Investment Breakdown
|
Purchase Price
$759k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$152k
Closing costs
1%
$7,591
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,440
Total Expenses
$6,820
Mortgage P&I
93%
$4,115
Property Taxes
29%
$1,285
Home Insurance
6%
$266
HOA
0%
$0
Property Management
10%
$444
CapEx
5%
$222
Vacancy
6%
$266
Maintenance
5%
$222
Other
0%
$0