This property looks like a bad Long-Term investment with a projected -19.05% first-year return on $166k initial cash invested.
-19.05%
Cash On Cash
2.58%
Cap Rate
0.4
DSCR
$2,650
Rent
-$2,631
Cashflow
Cash Flow
$2,650 income − $5,281 expenses = $2,631 out of pocket
Investment Breakdown
|
Purchase Price
$789k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$158k
Closing costs
1%
$7,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,650
Total Expenses
$5,281
Mortgage P&I
158%
$4,193
Property Taxes
5%
$124
Home Insurance
10%
$276
HOA
0%
$0
Property Management
10%
$265
CapEx
5%
$132
Vacancy
6%
$159
Maintenance
5%
$132
Other
0%
$0