This property looks like a bad Long-Term investment with a projected -19.87% first-year return on $160k initial cash invested.
-19.87%
Cash On Cash
2.58%
Cap Rate
0.4
DSCR
$3,698
Rent
-$2,651
Cashflow
Cash Flow
$3,698 income − $6,349 expenses = $2,651 out of pocket
Investment Breakdown
|
Purchase Price
$762k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$152k
Closing costs
1%
$7,623
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,698
Total Expenses
$6,349
Mortgage P&I
111%
$4,108
Property Taxes
20%
$746
Home Insurance
8%
$280
HOA
7%
$253
Property Management
10%
$370
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0