This property looks like a bad Long-Term investment with a projected -14.68% first-year return on $160k initial cash invested.
-14.68%
Cash On Cash
3.33%
Cap Rate
0.54
DSCR
$3,780
Rent
-$1,962
Cashflow
Cash Flow
$3,780 income − $5,742 expenses = $1,962 out of pocket
Investment Breakdown
|
Purchase Price
$764k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$153k
Closing costs
1%
$7,637
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,780
Total Expenses
$5,742
Mortgage P&I
103%
$3,891
Property Taxes
17%
$644
Home Insurance
6%
$224
HOA
0%
$0
Property Management
10%
$378
CapEx
5%
$189
Vacancy
6%
$227
Maintenance
5%
$189
Other
0%
$0