This property looks like a bad Long-Term investment with a projected -23.16% first-year return on $162k initial cash invested.
-23.16%
Cash On Cash
1.86%
Cap Rate
0.29
DSCR
$2,808
Rent
-$3,120
Cashflow
Cash Flow
$2,808 income − $5,928 expenses = $3,120 out of pocket
Investment Breakdown
|
Purchase Price
$770k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$154k
Closing costs
1%
$7,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,808
Total Expenses
$5,928
Mortgage P&I
149%
$4,172
Property Taxes
27%
$757
Home Insurance
10%
$270
HOA
0%
$0
Property Management
10%
$281
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0