This property looks like a bad Long-Term investment with a projected -24.79% first-year return on $163k initial cash invested.
-24.79%
Cash On Cash
1.41%
Cap Rate
0.22
DSCR
$2,044
Rent
-$3,376
Cashflow
Cash Flow
$2,044 income − $5,420 expenses = $3,376 out of pocket
Investment Breakdown
|
Purchase Price
$778k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,044
Total Expenses
$5,420
Mortgage P&I
205%
$4,188
Property Taxes
21%
$421
Home Insurance
14%
$280
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0