This property looks like a bad Long-Term investment with a projected -24.64% first-year return on $158k initial cash invested.
-24.64%
Cash On Cash
1.48%
Cap Rate
0.23
DSCR
$2,198
Rent
-$3,248
Cashflow
Cash Flow
$2,198 income − $5,446 expenses = $3,248 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%
$7,532
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,198
Total Expenses
$5,446
Mortgage P&I
185%
$4,064
Property Taxes
25%
$541
Home Insurance
12%
$269
HOA
0%
$0
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0