This property looks like a bad Long-Term investment with a projected -11.56% first-year return on $166k initial cash invested.
-11.56%
Cash On Cash
3.99%
Cap Rate
0.66
DSCR
$4,671
Rent
-$1,598
Cashflow
Cash Flow
$4,671 income − $6,269 expenses = $1,598 out of pocket
Investment Breakdown
|
Purchase Price
$790k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$158k
Closing costs
1%
$7,896
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,671
Total Expenses
$6,269
Mortgage P&I
85%
$3,988
Property Taxes
17%
$777
Home Insurance
6%
$289
HOA
0%
$0
Property Management
10%
$467
CapEx
5%
$234
Vacancy
6%
$280
Maintenance
5%
$234
Other
0%
$0