This property looks like a bad Long-Term investment with a projected -21.58% first-year return on $163k initial cash invested.
-21.58%
Cash On Cash
2.21%
Cap Rate
0.34
DSCR
$2,444
Rent
-$2,939
Cashflow
Cash Flow
$2,444 income − $5,383 expenses = $2,939 out of pocket
Investment Breakdown
|
Purchase Price
$778k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$163k
Downpayment
20%
$156k
Closing costs
1%
$7,781
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,444
Total Expenses
$5,383
Mortgage P&I
174%
$4,252
Property Taxes
9%
$212
Home Insurance
12%
$284
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0