This property looks like a bad Long-Term investment with a projected -16.65% first-year return on $164k initial cash invested.
-16.65%
Cash On Cash
2.89%
Cap Rate
0.47
DSCR
$2,785
Rent
-$2,277
Cashflow
Cash Flow
$2,785 income − $5,062 expenses = $2,277 out of pocket
Investment Breakdown
|
Purchase Price
$782k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$156k
Closing costs
1%
$7,816
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,785
Total Expenses
$5,062
Mortgage P&I
144%
$4,019
Property Taxes
1%
$40
Home Insurance
10%
$280
HOA
0%
$0
Property Management
10%
$278
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0