This property looks like a bad Long-Term investment with a projected -16.88% first-year return on $161k initial cash invested.
-16.88%
Cash On Cash
3.29%
Cap Rate
0.51
DSCR
$4,400
Rent
-$2,261
Cashflow
Cash Flow
$4,400 income − $6,661 expenses = $2,261 out of pocket
Investment Breakdown
|
Purchase Price
$766k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$153k
Closing costs
1%
$7,655
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,400
Total Expenses
$6,661
Mortgage P&I
94%
$4,138
Property Taxes
25%
$1,109
Home Insurance
6%
$262
HOA
0%
$8
Property Management
10%
$440
CapEx
5%
$220
Vacancy
6%
$264
Maintenance
5%
$220
Other
0%
$0