This property looks like a bad Long-Term investment with a projected -20.63% first-year return on $163k initial cash invested.
-20.63%
Cash On Cash
2.37%
Cap Rate
0.37
DSCR
$3,083
Rent
-$2,798
Cashflow
Cash Flow
$3,083 income − $5,881 expenses = $2,798 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$155k
Closing costs
1%
$7,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,083
Total Expenses
$5,881
Mortgage P&I
135%
$4,177
Property Taxes
21%
$632
Home Insurance
9%
$271
HOA
0%
$0
Property Management
10%
$308
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0