This property looks like a bad Long-Term investment with a projected -16.46% first-year return on $163k initial cash invested.
-16.46%
Cash On Cash
3.25%
Cap Rate
0.51
DSCR
$3,955
Rent
-$2,230
Cashflow
Cash Flow
$3,955 income − $6,185 expenses = $2,230 out of pocket
Investment Breakdown
|
Purchase Price
$774k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$155k
Closing costs
1%
$7,743
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,955
Total Expenses
$6,185
Mortgage P&I
104%
$4,129
Property Taxes
19%
$756
Home Insurance
7%
$271
HOA
0%
$0
Property Management
10%
$396
CapEx
5%
$198
Vacancy
6%
$237
Maintenance
5%
$198
Other
0%
$0