This property looks like a bad Long-Term investment with a projected -18.2% first-year return on $163k initial cash invested.
-18.2%
Cash On Cash
2.87%
Cap Rate
0.45
DSCR
$3,543
Rent
-$2,465
Cashflow
Cash Flow
$3,543 income − $6,008 expenses = $2,465 out of pocket
Investment Breakdown
|
Purchase Price
$774k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$155k
Closing costs
1%
$7,740
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,543
Total Expenses
$6,008
Mortgage P&I
117%
$4,137
Property Taxes
19%
$682
Home Insurance
8%
$268
HOA
0%
$0
Property Management
10%
$354
CapEx
5%
$177
Vacancy
6%
$213
Maintenance
5%
$177
Other
0%
$0