This property looks like a bad Long-Term investment with a projected -22.59% first-year return on $163k initial cash invested.
-22.59%
Cash On Cash
1.89%
Cap Rate
0.29
DSCR
$2,736
Rent
-$3,070
Cashflow
Cash Flow
$2,736 income − $5,806 expenses = $3,070 out of pocket
Investment Breakdown
|
Purchase Price
$777k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$155k
Closing costs
1%
$7,767
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,736
Total Expenses
$5,806
Mortgage P&I
152%
$4,154
Property Taxes
24%
$661
Home Insurance
10%
$279
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0