This property looks like a bad Long-Term investment with a projected -15.98% first-year return on $161k initial cash invested.
-15.98%
Cash On Cash
3.46%
Cap Rate
0.53
DSCR
$4,014
Rent
-$2,150
Cashflow
Cash Flow
$4,014 income − $6,164 expenses = $2,150 out of pocket
Investment Breakdown
|
Purchase Price
$769k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$154k
Closing costs
1%
$7,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,014
Total Expenses
$6,164
Mortgage P&I
104%
$4,165
Property Taxes
17%
$686
Home Insurance
7%
$269
HOA
0%
$0
Property Management
10%
$401
CapEx
5%
$201
Vacancy
6%
$241
Maintenance
5%
$201
Other
0%
$0