This property looks like a bad Long-Term investment with a projected -15.57% first-year return on $164k initial cash invested.
-15.57%
Cash On Cash
3.14%
Cap Rate
0.51
DSCR
$3,486
Rent
-$2,123
Cashflow
Cash Flow
$3,486 income − $5,609 expenses = $2,123 out of pocket
Investment Breakdown
|
Purchase Price
$779k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$156k
Closing costs
1%
$7,793
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,486
Total Expenses
$5,609
Mortgage P&I
114%
$3,991
Property Taxes
11%
$384
Home Insurance
8%
$278
HOA
1%
$50
Property Management
10%
$349
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0