This property looks like a bad Long-Term investment with a projected -25.51% first-year return on $164k initial cash invested.
-25.51%
Cash On Cash
1.11%
Cap Rate
0.18
DSCR
$2,889
Rent
-$3,496
Cashflow
Cash Flow
$2,889 income − $6,385 expenses = $3,496 out of pocket
Investment Breakdown
|
Purchase Price
$783k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$157k
Closing costs
1%
$7,830
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,889
Total Expenses
$6,385
Mortgage P&I
141%
$4,078
Property Taxes
42%
$1,220
Home Insurance
10%
$287
HOA
2%
$50
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0