This property looks like a bad Long-Term investment with a projected -13.19% first-year return on $168k initial cash invested.
-13.19%
Cash On Cash
3.7%
Cap Rate
0.6
DSCR
$4,053
Rent
-$1,850
Cashflow
Cash Flow
$4,053 income − $5,903 expenses = $1,850 out of pocket
Investment Breakdown
|
Purchase Price
$802k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$8,015
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,053
Total Expenses
$5,903
Mortgage P&I
102%
$4,118
Property Taxes
11%
$441
Home Insurance
7%
$290
HOA
0%
$0
Property Management
10%
$405
CapEx
5%
$203
Vacancy
6%
$243
Maintenance
5%
$203
Other
0%
$0