This property looks like a bad Long-Term investment with a projected -16.8% first-year return on $163k initial cash invested.
-16.8%
Cash On Cash
2.92%
Cap Rate
0.47
DSCR
$3,189
Rent
-$2,286
Cashflow
Cash Flow
$3,189 income − $5,475 expenses = $2,286 out of pocket
Investment Breakdown
|
Purchase Price
$777k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$155k
Closing costs
1%
$7,774
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,189
Total Expenses
$5,475
Mortgage P&I
126%
$4,018
Property Taxes
11%
$354
Home Insurance
9%
$275
HOA
0%
$0
Property Management
10%
$319
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0