This property looks like a bad Long-Term investment with a projected -17.38% first-year return on $162k initial cash invested.
-17.38%
Cash On Cash
3.05%
Cap Rate
0.48
DSCR
$3,890
Rent
-$2,341
Cashflow
Cash Flow
$3,890 income − $6,231 expenses = $2,341 out of pocket
Investment Breakdown
|
Purchase Price
$770k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$154k
Closing costs
1%
$7,699
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,890
Total Expenses
$6,231
Mortgage P&I
106%
$4,104
Property Taxes
22%
$847
Home Insurance
7%
$270
HOA
0%
$0
Property Management
10%
$389
CapEx
5%
$194
Vacancy
6%
$233
Maintenance
5%
$194
Other
0%
$0