This property looks like a bad Long-Term investment with a projected -23.43% first-year return on $162k initial cash invested.
-23.43%
Cash On Cash
1.76%
Cap Rate
0.27
DSCR
$1,908
Rent
-$3,171
Cashflow
Cash Flow
$1,908 income − $5,079 expenses = $3,171 out of pocket
Investment Breakdown
|
Purchase Price
$774k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$155k
Closing costs
1%
$7,735
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,908
Total Expenses
$5,079
Mortgage P&I
221%
$4,208
Property Taxes
5%
$96
Home Insurance
15%
$280
HOA
0%
$0
Property Management
10%
$191
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0