This property looks like a bad Long-Term investment with a projected -22.04% first-year return on $162k initial cash invested.
-22.04%
Cash On Cash
1.66%
Cap Rate
0.27
DSCR
$2,372
Rent
-$2,970
Cashflow
Cash Flow
$2,372 income − $5,342 expenses = $2,970 out of pocket
Investment Breakdown
|
Purchase Price
$770k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$154k
Closing costs
1%
$7,700
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,372
Total Expenses
$5,342
Mortgage P&I
165%
$3,913
Property Taxes
22%
$525
Home Insurance
11%
$270
HOA
1%
$17
Property Management
10%
$237
CapEx
5%
$119
Vacancy
6%
$142
Maintenance
5%
$119
Other
0%
$0