This property looks like a bad Long-Term investment with a projected -17.23% first-year return on $161k initial cash invested.
-17.23%
Cash On Cash
2.71%
Cap Rate
0.44
DSCR
$2,797
Rent
-$2,307
Cashflow
Cash Flow
$2,797 income − $5,104 expenses = $2,307 out of pocket
Investment Breakdown
|
Purchase Price
$765k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$161k
Downpayment
20%
$153k
Closing costs
1%
$7,649
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,797
Total Expenses
$5,104
Mortgage P&I
139%
$3,892
Property Taxes
6%
$154
Home Insurance
10%
$280
HOA
2%
$50
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0