This property looks like a bad Long-Term investment with a projected -16.2% first-year return on $164k initial cash invested.
-16.2%
Cash On Cash
3.44%
Cap Rate
0.53
DSCR
$4,265
Rent
-$2,219
Cashflow
Cash Flow
$4,265 income − $6,484 expenses = $2,219 out of pocket
Investment Breakdown
|
Purchase Price
$783k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$157k
Closing costs
1%
$7,826
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,265
Total Expenses
$6,484
Mortgage P&I
100%
$4,250
Property Taxes
20%
$848
Home Insurance
7%
$278
HOA
0%
$0
Property Management
10%
$426
CapEx
5%
$213
Vacancy
6%
$256
Maintenance
5%
$213
Other
0%
$0