This property looks like a bad Long-Term investment with a projected -20.3% first-year return on $164k initial cash invested.
-20.3%
Cash On Cash
1.98%
Cap Rate
0.33
DSCR
$2,151
Rent
-$2,783
Cashflow
Cash Flow
$2,151 income − $4,934 expenses = $2,783 out of pocket
Investment Breakdown
|
Purchase Price
$783k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$157k
Closing costs
1%
$7,832
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,151
Total Expenses
$4,934
Mortgage P&I
185%
$3,969
Property Taxes
5%
$115
Home Insurance
13%
$290
HOA
0%
$0
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0