This property looks like a bad Long-Term investment with a projected -22.97% first-year return on $164k initial cash invested.
-22.97%
Cash On Cash
2.05%
Cap Rate
0.31
DSCR
$3,051
Rent
-$3,138
Cashflow
Cash Flow
$3,051 income − $6,189 expenses = $3,138 out of pocket
Investment Breakdown
|
Purchase Price
$781k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$156k
Closing costs
1%
$7,808
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,051
Total Expenses
$6,189
Mortgage P&I
142%
$4,322
Property Taxes
26%
$780
Home Insurance
9%
$280
HOA
0%
$13
Property Management
10%
$305
CapEx
5%
$153
Vacancy
6%
$183
Maintenance
5%
$153
Other
0%
$0