This property looks like a bad Long-Term investment with a projected -8.97% first-year return on $162k initial cash invested.
-8.97%
Cash On Cash
5.26%
Cap Rate
0.79
DSCR
$6,323
Rent
-$1,212
Cashflow
Cash Flow
$6,323 income − $7,535 expenses = $1,212 out of pocket
Investment Breakdown
|
Purchase Price
$772k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$154k
Closing costs
1%
$7,720
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,323
Total Expenses
$7,535
Mortgage P&I
68%
$4,278
Property Taxes
12%
$775
Home Insurance
4%
$278
HOA
9%
$561
Property Management
10%
$632
CapEx
5%
$316
Vacancy
6%
$379
Maintenance
5%
$316
Other
0%
$0