This property looks like a bad Long-Term investment with a projected -16.51% first-year return on $162k initial cash invested.
-16.51%
Cash On Cash
3.37%
Cap Rate
0.51
DSCR
$3,696
Rent
-$2,230
Cashflow
Cash Flow
$3,696 income − $5,926 expenses = $2,230 out of pocket
Investment Breakdown
|
Purchase Price
$772k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$154k
Closing costs
1%
$7,716
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,696
Total Expenses
$5,926
Mortgage P&I
114%
$4,211
Property Taxes
13%
$478
Home Insurance
7%
$275
HOA
0%
$0
Property Management
10%
$370
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0