This property looks like a bad Long-Term investment with a projected -18.74% first-year return on $166k initial cash invested.
-18.74%
Cash On Cash
2.81%
Cap Rate
0.44
DSCR
$3,828
Rent
-$2,595
Cashflow
Cash Flow
$3,828 income − $6,423 expenses = $2,595 out of pocket
Investment Breakdown
|
Purchase Price
$791k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$158k
Closing costs
1%
$7,913
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,828
Total Expenses
$6,423
Mortgage P&I
111%
$4,255
Property Taxes
23%
$865
Home Insurance
8%
$308
HOA
0%
$0
Property Management
10%
$383
CapEx
5%
$191
Vacancy
6%
$230
Maintenance
5%
$191
Other
0%
$0