This property looks like a bad Long-Term investment with a projected -24.96% first-year return on $162k initial cash invested.
-24.96%
Cash On Cash
1.57%
Cap Rate
0.24
DSCR
$2,614
Rent
-$3,374
Cashflow
Cash Flow
$2,614 income − $5,988 expenses = $3,374 out of pocket
Investment Breakdown
|
Purchase Price
$773k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$155k
Closing costs
1%
$7,725
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,614
Total Expenses
$5,988
Mortgage P&I
163%
$4,252
Property Taxes
30%
$777
Home Insurance
11%
$279
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0