This property looks like a bad Long-Term investment with a projected -13.97% first-year return on $164k initial cash invested.
-13.97%
Cash On Cash
3.93%
Cap Rate
0.6
DSCR
$4,529
Rent
-$1,904
Cashflow
Cash Flow
$4,529 income − $6,433 expenses = $1,904 out of pocket
Investment Breakdown
|
Purchase Price
$779k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$156k
Closing costs
1%
$7,788
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,529
Total Expenses
$6,433
Mortgage P&I
93%
$4,229
Property Taxes
17%
$757
Home Insurance
6%
$270
HOA
0%
$0
Property Management
10%
$453
CapEx
5%
$226
Vacancy
6%
$272
Maintenance
5%
$226
Other
0%
$0