This property looks like a bad Long-Term investment with a projected -20.59% first-year return on $163k initial cash invested.
-20.59%
Cash On Cash
1.97%
Cap Rate
0.32
DSCR
$2,252
Rent
-$2,792
Cashflow
Cash Flow
$2,252 income − $5,044 expenses = $2,792 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$155k
Closing costs
1%
$7,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,252
Total Expenses
$5,044
Mortgage P&I
175%
$3,949
Property Taxes
11%
$238
Home Insurance
12%
$271
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$113
Vacancy
6%
$135
Maintenance
5%
$113
Other
0%
$0