This property looks like a bad Long-Term investment with a projected -21.23% first-year return on $170k initial cash invested.
-21.23%
Cash On Cash
2.45%
Cap Rate
0.37
DSCR
$3,263
Rent
-$3,014
Cashflow
Cash Flow
$3,263 income − $6,277 expenses = $3,014 out of pocket
Investment Breakdown
|
Purchase Price
$811k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$162k
Closing costs
1%
$8,112
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,263
Total Expenses
$6,277
Mortgage P&I
138%
$4,508
Property Taxes
19%
$605
Home Insurance
9%
$289
HOA
1%
$27
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$196
Maintenance
5%
$163
Other
0%
$0