This property looks like a bad Long-Term investment with a projected -23.37% first-year return on $169k initial cash invested.
-23.37%
Cash On Cash
1.34%
Cap Rate
0.22
DSCR
$2,271
Rent
-$3,289
Cashflow
Cash Flow
$2,271 income − $5,560 expenses = $3,289 out of pocket
Investment Breakdown
|
Purchase Price
$804k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$161k
Closing costs
1%
$8,043
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,271
Total Expenses
$5,560
Mortgage P&I
179%
$4,071
Property Taxes
26%
$600
Home Insurance
13%
$298
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0