This property looks like a bad Long-Term investment with a projected -20.09% first-year return on $162k initial cash invested.
-20.09%
Cash On Cash
2.5%
Cap Rate
0.39
DSCR
$3,453
Rent
-$2,715
Cashflow
Cash Flow
$3,453 income − $6,168 expenses = $2,715 out of pocket
Investment Breakdown
|
Purchase Price
$772k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$154k
Closing costs
1%
$7,721
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,453
Total Expenses
$6,168
Mortgage P&I
120%
$4,150
Property Taxes
24%
$844
Home Insurance
8%
$276
HOA
0%
$0
Property Management
10%
$345
CapEx
5%
$173
Vacancy
6%
$207
Maintenance
5%
$173
Other
0%
$0