This property looks like a bad Long-Term investment with a projected -18.03% first-year return on $163k initial cash invested.
-18.03%
Cash On Cash
2.55%
Cap Rate
0.42
DSCR
$2,739
Rent
-$2,448
Cashflow
Cash Flow
$2,739 income − $5,187 expenses = $2,448 out of pocket
Investment Breakdown
|
Purchase Price
$776k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$155k
Closing costs
1%
$7,760
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,739
Total Expenses
$5,187
Mortgage P&I
145%
$3,961
Property Taxes
7%
$200
Home Insurance
10%
$272
HOA
2%
$42
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0