This property looks like a bad Long-Term investment with a projected -16.19% first-year return on $166k initial cash invested.
-16.19%
Cash On Cash
3.55%
Cap Rate
0.54
DSCR
$4,314
Rent
-$2,241
Cashflow
Cash Flow
$4,314 income − $6,555 expenses = $2,241 out of pocket
Investment Breakdown
|
Purchase Price
$791k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$158k
Closing costs
1%
$7,912
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,314
Total Expenses
$6,555
Mortgage P&I
101%
$4,364
Property Taxes
20%
$859
Home Insurance
5%
$210
HOA
0%
$0
Property Management
10%
$431
CapEx
5%
$216
Vacancy
6%
$259
Maintenance
5%
$216
Other
0%
$0