This property looks like a bad Long-Term investment with a projected -20.17% first-year return on $164k initial cash invested.
-20.17%
Cash On Cash
2.3%
Cap Rate
0.36
DSCR
$2,476
Rent
-$2,760
Cashflow
Cash Flow
$2,476 income − $5,236 expenses = $2,760 out of pocket
Investment Breakdown
|
Purchase Price
$782k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$156k
Closing costs
1%
$7,820
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,476
Total Expenses
$5,236
Mortgage P&I
167%
$4,136
Property Taxes
2%
$53
Home Insurance
16%
$402
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0