This property looks like a bad Long-Term investment with a projected -20.05% first-year return on $161k initial cash invested.
-20.05%
Cash On Cash
2.23%
Cap Rate
0.36
DSCR
$2,805
Rent
-$2,688
Cashflow
Cash Flow
$2,805 income − $5,493 expenses = $2,688 out of pocket
Investment Breakdown
|
Purchase Price
$766k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$153k
Closing costs
1%
$7,659
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,805
Total Expenses
$5,493
Mortgage P&I
142%
$3,974
Property Taxes
17%
$469
Home Insurance
10%
$280
HOA
2%
$42
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0