This property looks like a bad Long-Term investment with a projected -17.08% first-year return on $167k initial cash invested.
-17.08%
Cash On Cash
3.07%
Cap Rate
0.48
DSCR
$3,300
Rent
-$2,373
Cashflow
Cash Flow
$3,300 income − $5,673 expenses = $2,373 out of pocket
Investment Breakdown
|
Purchase Price
$794k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$159k
Closing costs
1%
$7,940
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,300
Total Expenses
$5,673
Mortgage P&I
129%
$4,242
Property Taxes
9%
$312
Home Insurance
8%
$261
HOA
0%
$0
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0