This property looks like a bad Long-Term investment with a projected -14.89% first-year return on $157k initial cash invested.
-14.89%
Cash On Cash
3.76%
Cap Rate
0.58
DSCR
$4,610
Rent
-$1,950
Cashflow
Cash Flow
$4,610 income − $6,560 expenses = $1,950 out of pocket
Investment Breakdown
|
Purchase Price
$748k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$150k
Closing costs
1%
$7,484
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,610
Total Expenses
$6,560
Mortgage P&I
88%
$4,064
Property Taxes
16%
$749
Home Insurance
6%
$269
HOA
6%
$280
Property Management
10%
$461
CapEx
5%
$230
Vacancy
6%
$277
Maintenance
5%
$230
Other
0%
$0