This property looks like a bad Long-Term investment with a projected -18.45% first-year return on $163k initial cash invested.
-18.45%
Cash On Cash
2.68%
Cap Rate
0.42
DSCR
$2,745
Rent
-$2,502
Cashflow
Cash Flow
$2,745 income − $5,247 expenses = $2,502 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$155k
Closing costs
1%
$7,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,745
Total Expenses
$5,247
Mortgage P&I
149%
$4,097
Property Taxes
6%
$166
Home Insurance
10%
$271
HOA
0%
$0
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0