This property looks like a bad Long-Term investment with a projected -22.51% first-year return on $163k initial cash invested.
-22.51%
Cash On Cash
2.02%
Cap Rate
0.31
DSCR
$2,436
Rent
-$3,053
Cashflow
Cash Flow
$2,436 income − $5,489 expenses = $3,053 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$155k
Closing costs
1%
$7,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,436
Total Expenses
$5,489
Mortgage P&I
174%
$4,235
Property Taxes
14%
$349
Home Insurance
11%
$271
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0