This property looks like a bad Long-Term investment with a projected -22% first-year return on $158k initial cash invested.
-22%
Cash On Cash
2.25%
Cap Rate
0.34
DSCR
$2,863
Rent
-$2,888
Cashflow
Cash Flow
$2,863 income − $5,751 expenses = $2,888 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
$2,863
Total Expenses
$5,751
Mortgage P&I
145%
$4,153
Property Taxes
18%
$503
Home Insurance
10%
$276
HOA
3%
$75
Property Management
10%
$286
CapEx
5%
$143
Vacancy
6%
$172
Maintenance
5%
$143
Other
0%
$0