This property looks like a bad Long-Term investment with a projected -17.25% first-year return on $160k initial cash invested.
-17.25%
Cash On Cash
2.77%
Cap Rate
0.45
DSCR
$3,118
Rent
-$2,295
Cashflow
Cash Flow
$3,118 income − $5,413 expenses = $2,295 out of pocket
Investment Breakdown
|
Purchase Price
$760k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$152k
Closing costs
1%
$7,601
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,118
Total Expenses
$5,413
Mortgage P&I
125%
$3,892
Property Taxes
14%
$439
Home Insurance
9%
$271
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0