This property looks like a bad Long-Term investment with a projected -13.09% first-year return on $166k initial cash invested.
-13.09%
Cash On Cash
3.95%
Cap Rate
0.62
DSCR
$4,426
Rent
-$1,810
Cashflow
Cash Flow
$4,426 income − $6,236 expenses = $1,810 out of pocket
Investment Breakdown
|
Purchase Price
$790k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$158k
Closing costs
1%
$7,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,426
Total Expenses
$6,236
Mortgage P&I
95%
$4,186
Property Taxes
14%
$619
Home Insurance
6%
$280
HOA
0%
$0
Property Management
10%
$443
CapEx
5%
$221
Vacancy
6%
$266
Maintenance
5%
$221
Other
0%
$0