This property looks like a bad Long-Term investment with a projected -21.54% first-year return on $161k initial cash invested.
-21.54%
Cash On Cash
2.24%
Cap Rate
0.34
DSCR
$2,524
Rent
-$2,894
Cashflow
Cash Flow
$2,524 income − $5,418 expenses = $2,894 out of pocket
Investment Breakdown
|
Purchase Price
$768k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$154k
Closing costs
1%
$7,676
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,524
Total Expenses
$5,418
Mortgage P&I
166%
$4,199
Property Taxes
11%
$284
Home Insurance
11%
$280
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0