This property looks like a bad Long-Term investment with a projected -20.44% first-year return on $162k initial cash invested.
-20.44%
Cash On Cash
2.02%
Cap Rate
0.33
DSCR
$2,889
Rent
-$2,754
Cashflow
Cash Flow
$2,889 income − $5,643 expenses = $2,754 out of pocket
Investment Breakdown
|
Purchase Price
$770k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,889
Total Expenses
$5,643
Mortgage P&I
135%
$3,909
Property Taxes
15%
$424
Home Insurance
19%
$560
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0