This property looks like a bad Long-Term investment with a projected -21.68% first-year return on $163k initial cash invested.
-21.68%
Cash On Cash
2.18%
Cap Rate
0.34
DSCR
$3,049
Rent
-$2,950
Cashflow
Cash Flow
$3,049 income − $5,999 expenses = $2,950 out of pocket
Investment Breakdown
|
Purchase Price
$777k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$155k
Closing costs
1%
$7,774
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,049
Total Expenses
$5,999
Mortgage P&I
138%
$4,213
Property Taxes
24%
$718
Home Insurance
9%
$276
HOA
0%
$0
Property Management
10%
$305
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0