This property looks like a bad Long-Term investment with a projected -21.41% first-year return on $161k initial cash invested.
-21.41%
Cash On Cash
2.02%
Cap Rate
0.32
DSCR
$2,232
Rent
-$2,881
Cashflow
Cash Flow
$2,232 income − $5,113 expenses = $2,881 out of pocket
Investment Breakdown
|
Purchase Price
$769k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$154k
Closing costs
1%
$7,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,232
Total Expenses
$5,113
Mortgage P&I
182%
$4,063
Property Taxes
9%
$200
Home Insurance
12%
$269
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0