This property looks like a bad Long-Term investment with a projected -15.76% first-year return on $160k initial cash invested.
-15.76%
Cash On Cash
3.39%
Cap Rate
0.53
DSCR
$3,905
Rent
-$2,105
Cashflow
Cash Flow
$3,905 income − $6,010 expenses = $2,105 out of pocket
Investment Breakdown
|
Purchase Price
$763k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$153k
Closing costs
1%
$7,633
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,905
Total Expenses
$6,010
Mortgage P&I
104%
$4,069
Property Taxes
17%
$665
Home Insurance
7%
$262
HOA
0%
$0
Property Management
10%
$390
CapEx
5%
$195
Vacancy
6%
$234
Maintenance
5%
$195
Other
0%
$0