This property looks like a bad Long-Term investment with a projected -17.71% first-year return on $164k initial cash invested.
-17.71%
Cash On Cash
3.23%
Cap Rate
0.48
DSCR
$3,707
Rent
-$2,421
Cashflow
Cash Flow
$3,707 income − $6,128 expenses = $2,421 out of pocket
Investment Breakdown
|
Purchase Price
$781k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$156k
Closing costs
1%
$7,810
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,707
Total Expenses
$6,128
Mortgage P&I
117%
$4,337
Property Taxes
15%
$543
Home Insurance
8%
$285
HOA
0%
$0
Property Management
10%
$371
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0