This property looks like a bad Long-Term investment with a projected -21.81% first-year return on $164k initial cash invested.
-21.81%
Cash On Cash
1.82%
Cap Rate
0.29
DSCR
$2,688
Rent
-$2,977
Cashflow
Cash Flow
$2,688 income − $5,665 expenses = $2,977 out of pocket
Investment Breakdown
|
Purchase Price
$780k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$156k
Closing costs
1%
$7,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,688
Total Expenses
$5,665
Mortgage P&I
150%
$4,029
Property Taxes
23%
$625
Home Insurance
10%
$273
HOA
1%
$40
Property Management
10%
$269
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0