This property looks like a bad Long-Term investment with a projected -22.26% first-year return on $166k initial cash invested.
-22.26%
Cash On Cash
2.31%
Cap Rate
0.34
DSCR
$2,789
Rent
-$3,077
Cashflow
Cash Flow
$2,789 income − $5,866 expenses = $3,077 out of pocket
Investment Breakdown
|
Purchase Price
$790k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$158k
Closing costs
1%
$7,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,789
Total Expenses
$5,866
Mortgage P&I
160%
$4,458
Property Taxes
15%
$408
Home Insurance
10%
$276
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0