This property looks like a bad Long-Term investment with a projected -24.03% first-year return on $161k initial cash invested.
-24.03%
Cash On Cash
1.73%
Cap Rate
0.26
DSCR
$2,948
Rent
-$3,228
Cashflow
Cash Flow
$2,948 income − $6,176 expenses = $3,228 out of pocket
Investment Breakdown
|
Purchase Price
$768k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$154k
Closing costs
1%
$7,676
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,948
Total Expenses
$6,176
Mortgage P&I
142%
$4,189
Property Taxes
20%
$578
Home Insurance
9%
$278
HOA
12%
$365
Property Management
10%
$295
CapEx
5%
$147
Vacancy
6%
$177
Maintenance
5%
$147
Other
0%
$0