This property looks like a bad Long-Term investment with a projected -19.32% first-year return on $157k initial cash invested.
-19.32%
Cash On Cash
2.71%
Cap Rate
0.41
DSCR
$2,627
Rent
-$2,525
Cashflow
Cash Flow
$2,627 income − $5,152 expenses = $2,525 out of pocket
Investment Breakdown
|
Purchase Price
$747k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,627
Total Expenses
$5,152
Mortgage P&I
155%
$4,083
Property Taxes
5%
$125
Home Insurance
10%
$261
HOA
0%
$0
Property Management
10%
$263
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0