This property looks like a bad Long-Term investment with a projected -19.67% first-year return on $162k initial cash invested.
-19.67%
Cash On Cash
2.14%
Cap Rate
0.35
DSCR
$2,592
Rent
-$2,651
Cashflow
Cash Flow
$2,592 income − $5,243 expenses = $2,651 out of pocket
Investment Breakdown
|
Purchase Price
$770k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$154k
Closing costs
1%
$7,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,592
Total Expenses
$5,243
Mortgage P&I
150%
$3,897
Property Taxes
15%
$401
Home Insurance
10%
$270
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0