This property looks like a bad Long-Term investment with a projected -20.39% first-year return on $160k initial cash invested.
-20.39%
Cash On Cash
2.24%
Cap Rate
0.36
DSCR
$2,902
Rent
-$2,721
Cashflow
Cash Flow
$2,902 income − $5,623 expenses = $2,721 out of pocket
Investment Breakdown
|
Purchase Price
$762k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$160k
Downpayment
20%
$152k
Closing costs
1%
$7,624
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,902
Total Expenses
$5,623
Mortgage P&I
138%
$3,997
Property Taxes
21%
$615
Home Insurance
9%
$257
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0