This property looks like a bad Long-Term investment with a projected -14.39% first-year return on $166k initial cash invested.
-14.39%
Cash On Cash
3.27%
Cap Rate
0.55
DSCR
$3,984
Rent
-$1,986
Cashflow
Cash Flow
$3,984 income − $5,970 expenses = $1,986 out of pocket
Investment Breakdown
|
Purchase Price
$789k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$158k
Closing costs
1%
$7,887
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,984
Total Expenses
$5,970
Mortgage P&I
99%
$3,936
Property Taxes
18%
$719
Home Insurance
7%
$280
HOA
0%
$0
Property Management
10%
$398
CapEx
5%
$199
Vacancy
6%
$239
Maintenance
5%
$199
Other
0%
$0