This property looks like a bad Long-Term investment with a projected -16.25% first-year return on $162k initial cash invested.
-16.25%
Cash On Cash
3.26%
Cap Rate
0.51
DSCR
$3,981
Rent
-$2,194
Cashflow
Cash Flow
$3,981 income − $6,175 expenses = $2,194 out of pocket
Investment Breakdown
|
Purchase Price
$771k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$154k
Closing costs
1%
$7,713
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,981
Total Expenses
$6,175
Mortgage P&I
103%
$4,092
Property Taxes
20%
$787
Home Insurance
7%
$261
HOA
0%
$0
Property Management
10%
$398
CapEx
5%
$199
Vacancy
6%
$239
Maintenance
5%
$199
Other
0%
$0