This property looks like a bad Long-Term investment with a projected -13.44% first-year return on $160k initial cash invested.
-13.44%
Cash On Cash
3.57%
Cap Rate
0.59
DSCR
$3,795
Rent
-$1,792
Cashflow
Cash Flow
$3,795 income − $5,587 expenses = $1,792 out of pocket
Investment Breakdown
|
Purchase Price
$762k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$152k
Closing costs
1%
$7,620
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,795
Total Expenses
$5,587
Mortgage P&I
102%
$3,868
Property Taxes
12%
$461
Home Insurance
7%
$270
HOA
0%
$0
Property Management
10%
$380
CapEx
5%
$190
Vacancy
6%
$228
Maintenance
5%
$190
Other
0%
$0