This property looks like a bad Long-Term investment with a projected -17.52% first-year return on $160k initial cash invested.
-17.52%
Cash On Cash
3.08%
Cap Rate
0.48
DSCR
$3,722
Rent
-$2,341
Cashflow
Cash Flow
$3,722 income − $6,063 expenses = $2,341 out of pocket
Investment Breakdown
|
Purchase Price
$764k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$153k
Closing costs
1%
$7,636
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,722
Total Expenses
$6,063
Mortgage P&I
111%
$4,115
Property Taxes
19%
$722
Home Insurance
7%
$259
HOA
0%
$0
Property Management
10%
$372
CapEx
5%
$186
Vacancy
6%
$223
Maintenance
5%
$186
Other
0%
$0