This property looks like a bad Long-Term investment with a projected -13.46% first-year return on $164k initial cash invested.
-13.46%
Cash On Cash
3.57%
Cap Rate
0.59
DSCR
$3,988
Rent
-$1,837
Cashflow
Cash Flow
$3,988 income − $5,825 expenses = $1,837 out of pocket
Investment Breakdown
|
Purchase Price
$780k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$156k
Closing costs
1%
$7,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,988
Total Expenses
$5,825
Mortgage P&I
99%
$3,957
Property Taxes
14%
$559
Home Insurance
7%
$273
HOA
0%
$0
Property Management
10%
$399
CapEx
5%
$199
Vacancy
6%
$239
Maintenance
5%
$199
Other
0%
$0