This property looks like a bad Long-Term investment with a projected -24.68% first-year return on $165k initial cash invested.
-24.68%
Cash On Cash
1.48%
Cap Rate
0.23
DSCR
$2,063
Rent
-$3,391
Cashflow
Cash Flow
$2,063 income − $5,454 expenses = $3,391 out of pocket
Investment Breakdown
|
Purchase Price
$785k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$157k
Closing costs
1%
$7,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,063
Total Expenses
$5,454
Mortgage P&I
206%
$4,253
Property Taxes
19%
$390
Home Insurance
13%
$275
HOA
0%
$0
Property Management
10%
$206
CapEx
5%
$103
Vacancy
6%
$124
Maintenance
5%
$103
Other
0%
$0