This property looks like a bad Long-Term investment with a projected -17.95% first-year return on $162k initial cash invested.
-17.95%
Cash On Cash
2.93%
Cap Rate
0.46
DSCR
$3,693
Rent
-$2,422
Cashflow
Cash Flow
$3,693 income − $6,115 expenses = $2,422 out of pocket
Investment Breakdown
|
Purchase Price
$771k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$154k
Closing costs
1%
$7,709
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,693
Total Expenses
$6,115
Mortgage P&I
112%
$4,121
Property Taxes
21%
$762
Home Insurance
7%
$271
HOA
0%
$0
Property Management
10%
$369
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0