This property looks like a bad Long-Term investment with a projected -19.44% first-year return on $164k initial cash invested.
-19.44%
Cash On Cash
2.22%
Cap Rate
0.36
DSCR
$2,613
Rent
-$2,650
Cashflow
Cash Flow
$2,613 income − $5,263 expenses = $2,650 out of pocket
Investment Breakdown
|
Purchase Price
$779k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$156k
Closing costs
1%
$7,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,613
Total Expenses
$5,263
Mortgage P&I
152%
$3,962
Property Taxes
13%
$348
Home Insurance
10%
$273
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0