This property looks like a bad Long-Term investment with a projected -14.2% first-year return on $166k initial cash invested.
-14.2%
Cash On Cash
3.35%
Cap Rate
0.55
DSCR
$3,626
Rent
-$1,962
Cashflow
Cash Flow
$3,626 income − $5,588 expenses = $1,962 out of pocket
Investment Breakdown
|
Purchase Price
$790k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$158k
Closing costs
1%
$7,896
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,626
Total Expenses
$5,588
Mortgage P&I
110%
$3,983
Property Taxes
11%
$382
Home Insurance
8%
$280
HOA
0%
$0
Property Management
10%
$363
CapEx
5%
$181
Vacancy
6%
$218
Maintenance
5%
$181
Other
0%
$0