This property looks like a bad Long-Term investment with a projected -17.91% first-year return on $162k initial cash invested.
-17.91%
Cash On Cash
2.42%
Cap Rate
0.41
DSCR
$2,674
Rent
-$2,417
Cashflow
Cash Flow
$2,674 income − $5,091 expenses = $2,417 out of pocket
Investment Breakdown
|
Purchase Price
$771k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$154k
Closing costs
1%
$7,710
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,674
Total Expenses
$5,091
Mortgage P&I
144%
$3,841
Property Taxes
10%
$268
Home Insurance
11%
$287
HOA
0%
$0
Property Management
10%
$267
CapEx
5%
$134
Vacancy
6%
$160
Maintenance
5%
$134
Other
0%
$0