This property looks like a bad Long-Term investment with a projected -16.74% first-year return on $160k initial cash invested.
-16.74%
Cash On Cash
3.32%
Cap Rate
0.51
DSCR
$3,551
Rent
-$2,226
Cashflow
Cash Flow
$3,551 income − $5,777 expenses = $2,226 out of pocket
Investment Breakdown
|
Purchase Price
$760k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$152k
Closing costs
1%
$7,598
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,551
Total Expenses
$5,777
Mortgage P&I
117%
$4,147
Property Taxes
12%
$435
Home Insurance
8%
$271
HOA
0%
$0
Property Management
10%
$355
CapEx
5%
$178
Vacancy
6%
$213
Maintenance
5%
$178
Other
0%
$0