This property looks like a bad Long-Term investment with a projected -14.01% first-year return on $164k initial cash invested.
-14.01%
Cash On Cash
3.46%
Cap Rate
0.57
DSCR
$3,993
Rent
-$1,916
Cashflow
Cash Flow
$3,993 income − $5,909 expenses = $1,916 out of pocket
Investment Breakdown
|
Purchase Price
$782k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$156k
Closing costs
1%
$7,816
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,993
Total Expenses
$5,909
Mortgage P&I
99%
$3,972
Property Taxes
15%
$618
Home Insurance
7%
$280
HOA
0%
$0
Property Management
10%
$399
CapEx
5%
$200
Vacancy
6%
$240
Maintenance
5%
$200
Other
0%
$0