This property looks like a bad Long-Term investment with a projected -23.2% first-year return on $162k initial cash invested.
-23.2%
Cash On Cash
1.86%
Cap Rate
0.29
DSCR
$3,087
Rent
-$3,134
Cashflow
Cash Flow
$3,087 income − $6,221 expenses = $3,134 out of pocket
Investment Breakdown
|
Purchase Price
$772k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$154k
Closing costs
1%
$7,718
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,087
Total Expenses
$6,221
Mortgage P&I
135%
$4,179
Property Taxes
31%
$962
Home Insurance
9%
$278
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0