This property looks like a bad Long-Term investment with a projected -19.49% first-year return on $161k initial cash invested.
-19.49%
Cash On Cash
2.49%
Cap Rate
0.39
DSCR
$3,296
Rent
-$2,622
Cashflow
Cash Flow
$3,296 income − $5,918 expenses = $2,622 out of pocket
Investment Breakdown
|
Purchase Price
$769k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$154k
Closing costs
1%
$7,688
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,296
Total Expenses
$5,918
Mortgage P&I
123%
$4,053
Property Taxes
22%
$741
Home Insurance
8%
$266
HOA
0%
$0
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0