This property looks like a bad Long-Term investment with a projected -18.28% first-year return on $163k initial cash invested.
-18.28%
Cash On Cash
2.93%
Cap Rate
0.45
DSCR
$3,495
Rent
-$2,487
Cashflow
Cash Flow
$3,495 income − $5,982 expenses = $2,487 out of pocket
Investment Breakdown
|
Purchase Price
$777k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$155k
Closing costs
1%
$7,773
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,495
Total Expenses
$5,982
Mortgage P&I
120%
$4,207
Property Taxes
16%
$564
Home Insurance
8%
$276
HOA
1%
$25
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0