This property looks like a bad Long-Term investment with a projected -23.16% first-year return on $158k initial cash invested.
-23.16%
Cash On Cash
1.86%
Cap Rate
0.28
DSCR
$2,404
Rent
-$3,040
Cashflow
Cash Flow
$2,404 income − $5,444 expenses = $3,040 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$158k
Downpayment
20%
$150k
Closing costs
1%
$7,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,404
Total Expenses
$5,444
Mortgage P&I
170%
$4,080
Property Taxes
20%
$478
Home Insurance
11%
$262
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0