This property looks like a bad Long-Term investment with a projected -17.66% first-year return on $163k initial cash invested.
-17.66%
Cash On Cash
2.98%
Cap Rate
0.47
DSCR
$3,759
Rent
-$2,405
Cashflow
Cash Flow
$3,759 income − $6,164 expenses = $2,405 out of pocket
Investment Breakdown
|
Purchase Price
$778k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$156k
Closing costs
1%
$7,780
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,759
Total Expenses
$6,164
Mortgage P&I
110%
$4,149
Property Taxes
20%
$765
Home Insurance
7%
$272
HOA
0%
$0
Property Management
10%
$376
CapEx
5%
$188
Vacancy
6%
$226
Maintenance
5%
$188
Other
0%
$0