This property looks like a bad Long-Term investment with a projected -22.06% first-year return on $161k initial cash invested.
-22.06%
Cash On Cash
2.07%
Cap Rate
0.32
DSCR
$2,372
Rent
-$2,952
Cashflow
Cash Flow
$2,372 income − $5,324 expenses = $2,952 out of pocket
Investment Breakdown
|
Purchase Price
$765k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$153k
Closing costs
1%
$7,648
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,372
Total Expenses
$5,324
Mortgage P&I
175%
$4,152
Property Taxes
12%
$285
Home Insurance
11%
$268
HOA
0%
$2
Property Management
10%
$237
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0