This property looks like a bad Long-Term investment with a projected -22.56% first-year return on $163k initial cash invested.
-22.56%
Cash On Cash
1.55%
Cap Rate
0.25
DSCR
$2,722
Rent
-$3,074
Cashflow
Cash Flow
$2,722 income − $5,796 expenses = $3,074 out of pocket
Investment Breakdown
|
Purchase Price
$779k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$156k
Closing costs
1%
$7,785
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,722
Total Expenses
$5,796
Mortgage P&I
145%
$3,941
Property Taxes
32%
$864
Home Insurance
10%
$284
HOA
0%
$0
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0