This property looks like a bad Long-Term investment with a projected -24.58% first-year return on $165k initial cash invested.
-24.58%
Cash On Cash
1.47%
Cap Rate
0.23
DSCR
$2,515
Rent
-$3,377
Cashflow
Cash Flow
$2,515 income − $5,892 expenses = $3,377 out of pocket
Investment Breakdown
|
Purchase Price
$785k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$157k
Closing costs
1%
$7,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,515
Total Expenses
$5,892
Mortgage P&I
167%
$4,210
Property Taxes
30%
$752
Home Insurance
11%
$275
HOA
0%
$0
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0