This property looks like a bad Long-Term investment with a projected -21.21% first-year return on $161k initial cash invested.
-21.21%
Cash On Cash
2.37%
Cap Rate
0.36
DSCR
$2,605
Rent
-$2,839
Cashflow
Cash Flow
$2,605 income − $5,444 expenses = $2,839 out of pocket
Investment Breakdown
|
Purchase Price
$765k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$153k
Closing costs
1%
$7,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,605
Total Expenses
$5,444
Mortgage P&I
162%
$4,217
Property Taxes
11%
$283
Home Insurance
10%
$268
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0