This property looks like a bad Long-Term investment with a projected -15.94% first-year return on $159k initial cash invested.
-15.94%
Cash On Cash
3.02%
Cap Rate
0.5
DSCR
$3,482
Rent
-$2,110
Cashflow
Cash Flow
$3,482 income − $5,592 expenses = $2,110 out of pocket
Investment Breakdown
|
Purchase Price
$756k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$159k
Downpayment
20%
$151k
Closing costs
1%
$7,563
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,482
Total Expenses
$5,592
Mortgage P&I
110%
$3,840
Property Taxes
17%
$576
Home Insurance
8%
$271
HOA
0%
$0
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0