This property looks like a bad Long-Term investment with a projected -19.3% first-year return on $162k initial cash invested.
-19.3%
Cash On Cash
2.31%
Cap Rate
0.37
DSCR
$2,476
Rent
-$2,601
Cashflow
Cash Flow
$2,476 income − $5,077 expenses = $2,601 out of pocket
Investment Breakdown
|
Purchase Price
$770k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$154k
Closing costs
1%
$7,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,476
Total Expenses
$5,077
Mortgage P&I
160%
$3,961
Property Taxes
8%
$201
Home Insurance
11%
$270
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0