This property looks like a bad Long-Term investment with a projected -22.79% first-year return on $165k initial cash invested.
-22.79%
Cash On Cash
1.93%
Cap Rate
0.3
DSCR
$2,888
Rent
-$3,134
Cashflow
Cash Flow
$2,888 income − $6,022 expenses = $3,134 out of pocket
Investment Breakdown
|
Purchase Price
$786k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$157k
Closing costs
1%
$7,859
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,888
Total Expenses
$6,022
Mortgage P&I
147%
$4,254
Property Taxes
20%
$579
Home Insurance
10%
$280
HOA
6%
$159
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0