This property looks like a bad Long-Term investment with a projected -22.1% first-year return on $166k initial cash invested.
-22.1%
Cash On Cash
1.62%
Cap Rate
0.27
DSCR
$2,288
Rent
-$3,060
Cashflow
Cash Flow
$2,288 income − $5,348 expenses = $3,060 out of pocket
Investment Breakdown
|
Purchase Price
$791k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$158k
Closing costs
1%
$7,911
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,288
Total Expenses
$5,348
Mortgage P&I
176%
$4,016
Property Taxes
19%
$444
Home Insurance
13%
$294
HOA
0%
$0
Property Management
10%
$229
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0