This property looks like a bad Long-Term investment with a projected -17.51% first-year return on $169k initial cash invested.
-17.51%
Cash On Cash
3.05%
Cap Rate
0.47
DSCR
$3,932
Rent
-$2,466
Cashflow
Cash Flow
$3,932 income − $6,398 expenses = $2,466 out of pocket
Investment Breakdown
|
Purchase Price
$805k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$161k
Closing costs
1%
$8,046
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,932
Total Expenses
$6,398
Mortgage P&I
110%
$4,315
Property Taxes
20%
$780
Home Insurance
7%
$280
HOA
0%
$0
Property Management
10%
$393
CapEx
5%
$197
Vacancy
6%
$236
Maintenance
5%
$197
Other
0%
$0