This property looks like a bad Long-Term investment with a projected -17.23% first-year return on $165k initial cash invested.
-17.23%
Cash On Cash
3.19%
Cap Rate
0.49
DSCR
$4,196
Rent
-$2,369
Cashflow
Cash Flow
$4,196 income − $6,565 expenses = $2,369 out of pocket
Investment Breakdown
|
Purchase Price
$786k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$157k
Closing costs
1%
$7,856
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,196
Total Expenses
$6,565
Mortgage P&I
101%
$4,246
Property Taxes
23%
$947
Home Insurance
7%
$280
HOA
0%
$0
Property Management
10%
$420
CapEx
5%
$210
Vacancy
6%
$252
Maintenance
5%
$210
Other
0%
$0