This property looks like a bad Long-Term investment with a projected -23.04% first-year return on $164k initial cash invested.
-23.04%
Cash On Cash
2.17%
Cap Rate
0.32
DSCR
$3,718
Rent
-$3,142
Cashflow
Cash Flow
$3,718 income − $6,860 expenses = $3,142 out of pocket
Investment Breakdown
|
Purchase Price
$779k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$156k
Closing costs
1%
$7,793
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,718
Total Expenses
$6,860
Mortgage P&I
117%
$4,366
Property Taxes
32%
$1,205
Home Insurance
7%
$272
HOA
1%
$50
Property Management
10%
$372
CapEx
5%
$186
Vacancy
6%
$223
Maintenance
5%
$186
Other
0%
$0