This property looks like a bad Long-Term investment with a projected -21.74% first-year return on $161k initial cash invested.
-21.74%
Cash On Cash
2.25%
Cap Rate
0.34
DSCR
$2,965
Rent
-$2,925
Cashflow
Cash Flow
$2,965 income − $5,890 expenses = $2,925 out of pocket
Investment Breakdown
|
Purchase Price
$769k
Downpayment
20.0%
Interest Rate
7.3%
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
$2,965
Total Expenses
$5,890
Mortgage P&I
142%
$4,219
Property Taxes
21%
$630
Home Insurance
9%
$271
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0