This property looks like a bad Long-Term investment with a projected -19.77% first-year return on $157k initial cash invested.
-19.77%
Cash On Cash
2.16%
Cap Rate
0.35
DSCR
$2,592
Rent
-$2,592
Cashflow
Cash Flow
$2,592 income − $5,184 expenses = $2,592 out of pocket
Investment Breakdown
|
Purchase Price
$749k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$150k
Closing costs
1%
$7,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,592
Total Expenses
$5,184
Mortgage P&I
147%
$3,811
Property Taxes
17%
$436
Home Insurance
10%
$262
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0