This property looks like a bad Long-Term investment with a projected -21.94% first-year return on $164k initial cash invested.
-21.94%
Cash On Cash
1.74%
Cap Rate
0.28
DSCR
$2,462
Rent
-$3,008
Cashflow
Cash Flow
$2,462 income − $5,470 expenses = $3,008 out of pocket
Investment Breakdown
|
Purchase Price
$783k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$164k
Downpayment
20%
$157k
Closing costs
1%
$7,833
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,462
Total Expenses
$5,470
Mortgage P&I
163%
$4,021
Property Taxes
21%
$522
Home Insurance
12%
$287
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0