This property looks like a bad Long-Term investment with a projected -21.34% first-year return on $166k initial cash invested.
-21.34%
Cash On Cash
1.8%
Cap Rate
0.29
DSCR
$2,392
Rent
-$2,950
Cashflow
Cash Flow
$2,392 income − $5,342 expenses = $2,950 out of pocket
Investment Breakdown
|
Purchase Price
$790k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$158k
Closing costs
1%
$7,899
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,392
Total Expenses
$5,342
Mortgage P&I
168%
$4,014
Property Taxes
18%
$429
Home Insurance
12%
$276
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0