This property looks like a bad Long-Term investment with a projected -21.53% first-year return on $161k initial cash invested.
-21.53%
Cash On Cash
1.82%
Cap Rate
0.3
DSCR
$3,515
Rent
-$2,896
Cashflow
Cash Flow
$3,515 income − $6,411 expenses = $2,896 out of pocket
Investment Breakdown
|
Purchase Price
$769k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,515
Total Expenses
$6,411
Mortgage P&I
111%
$3,886
Property Taxes
37%
$1,313
Home Insurance
8%
$297
HOA
0%
$0
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0