This property looks like a bad Long-Term investment with a projected -17.78% first-year return on $165k initial cash invested.
-17.78%
Cash On Cash
3.04%
Cap Rate
0.47
DSCR
$3,622
Rent
-$2,448
Cashflow
Cash Flow
$3,622 income − $6,070 expenses = $2,448 out of pocket
Investment Breakdown
|
Purchase Price
$787k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$157k
Closing costs
1%
$7,866
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,622
Total Expenses
$6,070
Mortgage P&I
118%
$4,260
Property Taxes
16%
$593
Home Insurance
8%
$276
HOA
0%
$0
Property Management
10%
$362
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0