This property looks like a bad Long-Term investment with a projected -19.83% first-year return on $160k initial cash invested.
-19.83%
Cash On Cash
2.65%
Cap Rate
0.4
DSCR
$3,478
Rent
-$2,645
Cashflow
Cash Flow
$3,478 income − $6,123 expenses = $2,645 out of pocket
Investment Breakdown
|
Purchase Price
$762k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$152k
Closing costs
1%
$7,621
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,478
Total Expenses
$6,123
Mortgage P&I
119%
$4,152
Property Taxes
21%
$746
Home Insurance
8%
$268
HOA
2%
$52
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0