This property looks like a bad Long-Term investment with a projected -16.47% first-year return on $170k initial cash invested.
-16.47%
Cash On Cash
3.23%
Cap Rate
0.5
DSCR
$3,606
Rent
-$2,330
Cashflow
Cash Flow
$3,606 income − $5,936 expenses = $2,330 out of pocket
Investment Breakdown
|
Purchase Price
$809k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$162k
Closing costs
1%
$8,085
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,606
Total Expenses
$5,936
Mortgage P&I
120%
$4,329
Property Taxes
9%
$320
Home Insurance
10%
$350
HOA
0%
$0
Property Management
10%
$361
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0