This property looks like a bad Long-Term investment with a projected -24.49% first-year return on $163k initial cash invested.
-24.49%
Cash On Cash
1.48%
Cap Rate
0.23
DSCR
$2,124
Rent
-$3,321
Cashflow
Cash Flow
$2,124 income − $5,445 expenses = $3,321 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$155k
Closing costs
1%
$7,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,124
Total Expenses
$5,445
Mortgage P&I
196%
$4,172
Property Taxes
21%
$451
Home Insurance
13%
$271
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0