This property looks like a bad Long-Term investment with a projected -17.27% first-year return on $163k initial cash invested.
-17.27%
Cash On Cash
3.08%
Cap Rate
0.48
DSCR
$3,904
Rent
-$2,342
Cashflow
Cash Flow
$3,904 income − $6,246 expenses = $2,342 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$155k
Closing costs
1%
$7,749
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,904
Total Expenses
$6,246
Mortgage P&I
106%
$4,134
Property Taxes
21%
$818
Home Insurance
7%
$280
HOA
0%
$0
Property Management
10%
$390
CapEx
5%
$195
Vacancy
6%
$234
Maintenance
5%
$195
Other
0%
$0