This property looks like a bad Long-Term investment with a projected -23.9% first-year return on $163k initial cash invested.
-23.9%
Cash On Cash
1.64%
Cap Rate
0.25
DSCR
$2,736
Rent
-$3,242
Cashflow
Cash Flow
$2,736 income − $5,978 expenses = $3,242 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$155k
Closing costs
1%
$7,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,736
Total Expenses
$5,978
Mortgage P&I
152%
$4,165
Property Taxes
30%
$807
Home Insurance
10%
$271
HOA
1%
$23
Property Management
10%
$274
CapEx
5%
$137
Vacancy
6%
$164
Maintenance
5%
$137
Other
0%
$0