This property looks like a bad Long-Term investment with a projected -18.14% first-year return on $160k initial cash invested.
-18.14%
Cash On Cash
3.05%
Cap Rate
0.47
DSCR
$5,016
Rent
-$2,419
Cashflow
Cash Flow
$5,016 income − $7,435 expenses = $2,419 out of pocket
Investment Breakdown
|
Purchase Price
$762k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$152k
Closing costs
1%
$7,622
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,016
Total Expenses
$7,435
Mortgage P&I
82%
$4,107
Property Taxes
21%
$1,042
Home Insurance
5%
$262
HOA
14%
$719
Property Management
10%
$502
CapEx
5%
$251
Vacancy
6%
$301
Maintenance
5%
$251
Other
0%
$0