This property looks like a bad Long-Term investment with a projected -21.86% first-year return on $165k initial cash invested.
-21.86%
Cash On Cash
2.22%
Cap Rate
0.34
DSCR
$3,027
Rent
-$3,009
Cashflow
Cash Flow
$3,027 income − $6,036 expenses = $3,009 out of pocket
Investment Breakdown
|
Purchase Price
$787k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$165k
Downpayment
20%
$157k
Closing costs
1%
$7,867
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,027
Total Expenses
$6,036
Mortgage P&I
142%
$4,311
Property Taxes
22%
$653
Home Insurance
9%
$285
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$151
Vacancy
6%
$182
Maintenance
5%
$151
Other
0%
$0