This property looks like a bad Long-Term investment with a projected -18.38% first-year return on $163k initial cash invested.
-18.38%
Cash On Cash
2.81%
Cap Rate
0.44
DSCR
$2,972
Rent
-$2,504
Cashflow
Cash Flow
$2,972 income − $5,476 expenses = $2,504 out of pocket
Investment Breakdown
|
Purchase Price
$779k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$156k
Closing costs
1%
$7,785
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,972
Total Expenses
$5,476
Mortgage P&I
141%
$4,181
Property Taxes
4%
$127
Home Insurance
9%
$272
HOA
4%
$123
Property Management
10%
$297
CapEx
5%
$149
Vacancy
6%
$178
Maintenance
5%
$149
Other
0%
$0