This property looks like a bad Long-Term investment with a projected -23.35% first-year return on $164k initial cash invested.
-23.35%
Cash On Cash
1.85%
Cap Rate
0.28
DSCR
$2,825
Rent
-$3,182
Cashflow
Cash Flow
$2,825 income − $6,007 expenses = $3,182 out of pocket
Investment Breakdown
|
Purchase Price
$779k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$156k
Closing costs
1%
$7,787
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,825
Total Expenses
$6,007
Mortgage P&I
150%
$4,240
Property Taxes
27%
$753
Home Insurance
10%
$280
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0