This property looks like a bad Long-Term investment with a projected -15.48% first-year return on $162k initial cash invested.
-15.48%
Cash On Cash
3.46%
Cap Rate
0.54
DSCR
$4,094
Rent
-$2,086
Cashflow
Cash Flow
$4,094 income − $6,180 expenses = $2,086 out of pocket
Investment Breakdown
|
Purchase Price
$770k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$154k
Closing costs
1%
$7,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,094
Total Expenses
$6,180
Mortgage P&I
100%
$4,104
Property Taxes
18%
$741
Home Insurance
7%
$270
HOA
0%
$0
Property Management
10%
$409
CapEx
5%
$205
Vacancy
6%
$246
Maintenance
5%
$205
Other
0%
$0