This property looks like a bad Long-Term investment with a projected -21.9% first-year return on $165k initial cash invested.
-21.9%
Cash On Cash
2.41%
Cap Rate
0.36
DSCR
$3,704
Rent
-$3,008
Cashflow
Cash Flow
$3,704 income − $6,712 expenses = $3,008 out of pocket
Investment Breakdown
|
Purchase Price
$785k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$157k
Closing costs
1%
$7,848
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,704
Total Expenses
$6,712
Mortgage P&I
119%
$4,396
Property Taxes
29%
$1,074
Home Insurance
8%
$280
HOA
0%
$0
Property Management
10%
$370
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0