This property looks like a bad Long-Term investment with a projected -17.16% first-year return on $168k initial cash invested.
-17.16%
Cash On Cash
3.29%
Cap Rate
0.5
DSCR
$4,021
Rent
-$2,400
Cashflow
Cash Flow
$4,021 income − $6,421 expenses = $2,400 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.3%
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
$4,021
Total Expenses
$6,421
Mortgage P&I
109%
$4,390
Property Taxes
18%
$706
Home Insurance
7%
$280
HOA
0%
$0
Property Management
10%
$402
CapEx
5%
$201
Vacancy
6%
$241
Maintenance
5%
$201
Other
0%
$0