This property looks like a bad Long-Term investment with a projected -6.71% first-year return on $164k initial cash invested.
-6.71%
Cash On Cash
5.49%
Cap Rate
0.85
DSCR
$6,117
Rent
-$918
Cashflow
Cash Flow
$6,117 income − $7,035 expenses = $918 out of pocket
Investment Breakdown
|
Purchase Price
$782k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$156k
Closing costs
1%
$7,817
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,117
Total Expenses
$7,035
Mortgage P&I
68%
$4,186
Property Taxes
15%
$926
Home Insurance
5%
$332
HOA
0%
$0
Property Management
10%
$612
CapEx
5%
$306
Vacancy
6%
$367
Maintenance
5%
$306
Other
0%
$0