This property looks like a bad Long-Term investment with a projected -15.19% first-year return on $163k initial cash invested.
-15.19%
Cash On Cash
3.4%
Cap Rate
0.54
DSCR
$3,891
Rent
-$2,066
Cashflow
Cash Flow
$3,891 income − $5,957 expenses = $2,066 out of pocket
Investment Breakdown
|
Purchase Price
$777k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$155k
Closing costs
1%
$7,770
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,891
Total Expenses
$5,957
Mortgage P&I
105%
$4,071
Property Taxes
15%
$602
Home Insurance
7%
$272
HOA
0%
$0
Property Management
10%
$389
CapEx
5%
$195
Vacancy
6%
$233
Maintenance
5%
$195
Other
0%
$0