This property looks like a bad Long-Term investment with a projected -19.78% first-year return on $162k initial cash invested.
-19.78%
Cash On Cash
2.34%
Cap Rate
0.37
DSCR
$2,624
Rent
-$2,662
Cashflow
Cash Flow
$2,624 income − $5,286 expenses = $2,662 out of pocket
Investment Breakdown
|
Purchase Price
$769k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$154k
Closing costs
1%
$7,692
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,624
Total Expenses
$5,286
Mortgage P&I
154%
$4,028
Property Taxes
11%
$297
Home Insurance
11%
$280
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0