This property looks like a bad Long-Term investment with a projected -14.43% first-year return on $166k initial cash invested.
-14.43%
Cash On Cash
3.67%
Cap Rate
0.57
DSCR
$3,913
Rent
-$1,990
Cashflow
Cash Flow
$3,913 income − $5,903 expenses = $1,990 out of pocket
Investment Breakdown
|
Purchase Price
$788k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$158k
Closing costs
1%
$7,882
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,913
Total Expenses
$5,903
Mortgage P&I
107%
$4,205
Property Taxes
10%
$400
Home Insurance
7%
$280
HOA
0%
$0
Property Management
10%
$391
CapEx
5%
$196
Vacancy
6%
$235
Maintenance
5%
$196
Other
0%
$0