This property looks like a bad Long-Term investment with a projected -18.28% first-year return on $166k initial cash invested.
-18.28%
Cash On Cash
2.5%
Cap Rate
0.41
DSCR
$2,955
Rent
-$2,524
Cashflow
Cash Flow
$2,955 income − $5,479 expenses = $2,524 out of pocket
Investment Breakdown
|
Purchase Price
$789k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$158k
Closing costs
1%
$7,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,955
Total Expenses
$5,479
Mortgage P&I
136%
$4,023
Property Taxes
14%
$411
Home Insurance
9%
$276
HOA
0%
$0
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$177
Maintenance
5%
$148
Other
0%
$0