This property looks like a bad Long-Term investment with a projected -19.05% first-year return on $167k initial cash invested.
-19.05%
Cash On Cash
2.35%
Cap Rate
0.39
DSCR
$3,612
Rent
-$2,646
Cashflow
Cash Flow
$3,612 income − $6,258 expenses = $2,646 out of pocket
Investment Breakdown
|
Purchase Price
$794k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$159k
Closing costs
1%
$7,938
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,612
Total Expenses
$6,258
Mortgage P&I
111%
$4,022
Property Taxes
28%
$1,025
Home Insurance
8%
$271
HOA
0%
$0
Property Management
10%
$361
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0