This property looks like a bad Long-Term investment with a projected -22.91% first-year return on $163k initial cash invested.
-22.91%
Cash On Cash
2.08%
Cap Rate
0.31
DSCR
$3,450
Rent
-$3,107
Cashflow
Cash Flow
$3,450 income − $6,557 expenses = $3,107 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$155k
Closing costs
1%
$7,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,450
Total Expenses
$6,557
Mortgage P&I
124%
$4,279
Property Taxes
32%
$1,111
Home Insurance
8%
$271
HOA
0%
$0
Property Management
10%
$345
CapEx
5%
$172
Vacancy
6%
$207
Maintenance
5%
$172
Other
0%
$0