This property looks like a bad Long-Term investment with a projected -12.8% first-year return on $160k initial cash invested.
-12.8%
Cash On Cash
4.09%
Cap Rate
0.64
DSCR
$4,559
Rent
-$1,703
Cashflow
Cash Flow
$4,559 income − $6,262 expenses = $1,703 out of pocket
Investment Breakdown
|
Purchase Price
$760k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$152k
Closing costs
1%
$7,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,559
Total Expenses
$6,262
Mortgage P&I
89%
$4,063
Property Taxes
16%
$747
Home Insurance
6%
$266
HOA
0%
$0
Property Management
10%
$456
CapEx
5%
$228
Vacancy
6%
$274
Maintenance
5%
$228
Other
0%
$0