This property looks like a bad Long-Term investment with a projected -14.87% first-year return on $163k initial cash invested.
-14.87%
Cash On Cash
3.24%
Cap Rate
0.53
DSCR
$3,696
Rent
-$2,017
Cashflow
Cash Flow
$3,696 income − $5,713 expenses = $2,017 out of pocket
Investment Breakdown
|
Purchase Price
$775k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,696
Total Expenses
$5,713
Mortgage P&I
106%
$3,927
Property Taxes
15%
$553
Home Insurance
7%
$271
HOA
0%
$0
Property Management
10%
$370
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0