This property looks like a bad Long-Term investment with a projected -20.46% first-year return on $167k initial cash invested.
-20.46%
Cash On Cash
2.09%
Cap Rate
0.34
DSCR
$3,022
Rent
-$2,847
Cashflow
Cash Flow
$3,022 income − $5,869 expenses = $2,847 out of pocket
Investment Breakdown
|
Purchase Price
$795k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$159k
Closing costs
1%
$7,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,022
Total Expenses
$5,869
Mortgage P&I
135%
$4,082
Property Taxes
22%
$657
Home Insurance
9%
$278
HOA
2%
$67
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0