This property looks like a bad Long-Term investment with a projected -11.5% first-year return on $164k initial cash invested.
-11.5%
Cash On Cash
3.96%
Cap Rate
0.66
DSCR
$4,455
Rent
-$1,570
Cashflow
Cash Flow
$4,455 income − $6,025 expenses = $1,570 out of pocket
Investment Breakdown
|
Purchase Price
$780k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$156k
Closing costs
1%
$7,801
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,455
Total Expenses
$6,025
Mortgage P&I
88%
$3,922
Property Taxes
15%
$668
Home Insurance
6%
$276
HOA
0%
$0
Property Management
10%
$446
CapEx
5%
$223
Vacancy
6%
$267
Maintenance
5%
$223
Other
0%
$0