This property looks like a bad Long-Term investment with a projected -22.74% first-year return on $168k initial cash invested.
-22.74%
Cash On Cash
1.86%
Cap Rate
0.29
DSCR
$2,490
Rent
-$3,180
Cashflow
Cash Flow
$2,490 income − $5,670 expenses = $3,180 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$7,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,490
Total Expenses
$5,670
Mortgage P&I
173%
$4,297
Property Taxes
18%
$447
Home Insurance
11%
$280
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0