This property looks like a bad Long-Term investment with a projected -18% first-year return on $162k initial cash invested.
-18%
Cash On Cash
2.8%
Cap Rate
0.44
DSCR
$3,584
Rent
-$2,427
Cashflow
Cash Flow
$3,584 income − $6,011 expenses = $2,427 out of pocket
Investment Breakdown
|
Purchase Price
$770k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$154k
Closing costs
1%
$7,703
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,584
Total Expenses
$6,011
Mortgage P&I
113%
$4,046
Property Taxes
19%
$693
Home Insurance
10%
$341
HOA
0%
$0
Property Management
10%
$358
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0