This property looks like a bad Long-Term investment with a projected -21.22% first-year return on $162k initial cash invested.
-21.22%
Cash On Cash
2.18%
Cap Rate
0.34
DSCR
$3,070
Rent
-$2,870
Cashflow
Cash Flow
$3,070 income − $5,940 expenses = $2,870 out of pocket
Investment Breakdown
|
Purchase Price
$773k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$162k
Downpayment
20%
$155k
Closing costs
1%
$7,730
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,070
Total Expenses
$5,940
Mortgage P&I
134%
$4,122
Property Taxes
24%
$739
Home Insurance
9%
$280
HOA
0%
$0
Property Management
10%
$307
CapEx
5%
$154
Vacancy
6%
$184
Maintenance
5%
$154
Other
0%
$0