This property looks like a bad Long-Term investment with a projected -18.11% first-year return on $164k initial cash invested.
-18.11%
Cash On Cash
2.73%
Cap Rate
0.44
DSCR
$3,669
Rent
-$2,482
Cashflow
Cash Flow
$3,669 income − $6,151 expenses = $2,482 out of pocket
Investment Breakdown
|
Purchase Price
$783k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$157k
Closing costs
1%
$7,832
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,669
Total Expenses
$6,151
Mortgage P&I
111%
$4,083
Property Taxes
23%
$835
Home Insurance
8%
$280
HOA
0%
$0
Property Management
10%
$367
CapEx
5%
$183
Vacancy
6%
$220
Maintenance
5%
$183
Other
0%
$0