This property looks like a bad Long-Term investment with a projected -19.39% first-year return on $172k initial cash invested.
-19.39%
Cash On Cash
2.32%
Cap Rate
0.38
DSCR
$3,188
Rent
-$2,779
Cashflow
Cash Flow
$3,188 income − $5,967 expenses = $2,779 out of pocket
Investment Breakdown
|
Purchase Price
$819k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$164k
Closing costs
1%
$8,189
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,188
Total Expenses
$5,967
Mortgage P&I
132%
$4,205
Property Taxes
19%
$620
Home Insurance
9%
$297
HOA
1%
$17
Property Management
10%
$319
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0