This property looks like a bad Long-Term investment with a projected -16.27% first-year return on $162k initial cash invested.
-16.27%
Cash On Cash
2.97%
Cap Rate
0.49
DSCR
$3,773
Rent
-$2,203
Cashflow
Cash Flow
$3,773 income − $5,976 expenses = $2,203 out of pocket
Investment Breakdown
|
Purchase Price
$774k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$155k
Closing costs
1%
$7,736
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,773
Total Expenses
$5,976
Mortgage P&I
104%
$3,926
Property Taxes
21%
$798
Home Insurance
7%
$271
HOA
0%
$0
Property Management
10%
$377
CapEx
5%
$189
Vacancy
6%
$226
Maintenance
5%
$189
Other
0%
$0