This property looks like a bad Long-Term investment with a projected -20.16% first-year return on $161k initial cash invested.
-20.16%
Cash On Cash
2.06%
Cap Rate
0.34
DSCR
$2,238
Rent
-$2,699
Cashflow
Cash Flow
$2,238 income − $4,937 expenses = $2,699 out of pocket
Investment Breakdown
|
Purchase Price
$765k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$153k
Closing costs
1%
$7,652
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,238
Total Expenses
$4,937
Mortgage P&I
174%
$3,900
Property Taxes
8%
$182
Home Insurance
12%
$273
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0