This property looks like a bad Long-Term investment with a projected -19.07% first-year return on $171k initial cash invested.
-19.07%
Cash On Cash
2.35%
Cap Rate
0.39
DSCR
$3,484
Rent
-$2,723
Cashflow
Cash Flow
$3,484 income − $6,207 expenses = $2,723 out of pocket
Investment Breakdown
|
Purchase Price
$816k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$163k
Closing costs
1%
$8,161
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,484
Total Expenses
$6,207
Mortgage P&I
119%
$4,146
Property Taxes
25%
$867
Home Insurance
8%
$289
HOA
0%
$0
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0