This property looks like a bad Long-Term investment with a projected -20.67% first-year return on $170k initial cash invested.
-20.67%
Cash On Cash
1.94%
Cap Rate
0.32
DSCR
$2,324
Rent
-$2,922
Cashflow
Cash Flow
$2,324 income − $5,246 expenses = $2,922 out of pocket
Investment Breakdown
|
Purchase Price
$808k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$162k
Closing costs
1%
$8,077
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,324
Total Expenses
$5,246
Mortgage P&I
177%
$4,115
Property Taxes
11%
$250
Home Insurance
12%
$270
HOA
0%
$8
Property Management
10%
$232
CapEx
5%
$116
Vacancy
6%
$139
Maintenance
5%
$116
Other
0%
$0