This property looks like a bad Long-Term investment with a projected -18.19% first-year return on $165k initial cash invested.
-18.19%
Cash On Cash
3%
Cap Rate
0.46
DSCR
$3,642
Rent
-$2,504
Cashflow
Cash Flow
$3,642 income − $6,146 expenses = $2,504 out of pocket
Investment Breakdown
|
Purchase Price
$787k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$157k
Closing costs
1%
$7,868
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,642
Total Expenses
$6,146
Mortgage P&I
118%
$4,290
Property Taxes
17%
$633
Home Insurance
8%
$276
HOA
0%
$0
Property Management
10%
$364
CapEx
5%
$182
Vacancy
6%
$219
Maintenance
5%
$182
Other
0%
$0