This property looks like a bad Long-Term investment with a projected -19.59% first-year return on $161k initial cash invested.
-19.59%
Cash On Cash
2.22%
Cap Rate
0.36
DSCR
$2,321
Rent
-$2,631
Cashflow
Cash Flow
$2,321 income − $4,952 expenses = $2,631 out of pocket
Investment Breakdown
|
Purchase Price
$768k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$154k
Closing costs
1%
$7,675
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,321
Total Expenses
$4,952
Mortgage P&I
170%
$3,936
Property Taxes
6%
$133
Home Insurance
12%
$280
HOA
0%
$0
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0