This property looks like a bad Long-Term investment with a projected -15.05% first-year return on $161k initial cash invested.
-15.05%
Cash On Cash
3.7%
Cap Rate
0.57
DSCR
$4,589
Rent
-$2,024
Cashflow
Cash Flow
$4,589 income − $6,613 expenses = $2,024 out of pocket
Investment Breakdown
|
Purchase Price
$768k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$154k
Closing costs
1%
$7,683
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,589
Total Expenses
$6,613
Mortgage P&I
91%
$4,161
Property Taxes
22%
$987
Home Insurance
6%
$273
HOA
0%
$0
Property Management
10%
$459
CapEx
5%
$229
Vacancy
6%
$275
Maintenance
5%
$229
Other
0%
$0