This property looks like a bad Long-Term investment with a projected -19.87% first-year return on $158k initial cash invested.
-19.87%
Cash On Cash
2.57%
Cap Rate
0.4
DSCR
$3,472
Rent
-$2,616
Cashflow
Cash Flow
$3,472 income − $6,088 expenses = $2,616 out of pocket
Investment Breakdown
|
Purchase Price
$753k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$151k
Closing costs
1%
$7,525
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,472
Total Expenses
$6,088
Mortgage P&I
117%
$4,055
Property Taxes
24%
$824
Home Insurance
9%
$306
HOA
0%
$0
Property Management
10%
$347
CapEx
5%
$174
Vacancy
6%
$208
Maintenance
5%
$174
Other
0%
$0