This property looks like a bad Long-Term investment with a projected -19.83% first-year return on $164k initial cash invested.
-19.83%
Cash On Cash
2.37%
Cap Rate
0.38
DSCR
$3,208
Rent
-$2,709
Cashflow
Cash Flow
$3,208 income − $5,917 expenses = $2,709 out of pocket
Investment Breakdown
|
Purchase Price
$781k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$156k
Closing costs
1%
$7,807
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,208
Total Expenses
$5,917
Mortgage P&I
127%
$4,088
Property Taxes
22%
$716
Home Insurance
9%
$280
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0