This property looks like a bad Long-Term investment with a projected -19.31% first-year return on $163k initial cash invested.
-19.31%
Cash On Cash
2.56%
Cap Rate
0.4
DSCR
$2,789
Rent
-$2,619
Cashflow
Cash Flow
$2,789 income − $5,408 expenses = $2,619 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,789
Total Expenses
$5,408
Mortgage P&I
148%
$4,135
Property Taxes
10%
$278
Home Insurance
10%
$271
HOA
0%
$0
Property Management
10%
$279
CapEx
5%
$139
Vacancy
6%
$167
Maintenance
5%
$139
Other
0%
$0