This property looks like a bad Long-Term investment with a projected -15.55% first-year return on $170k initial cash invested.
-15.55%
Cash On Cash
3.33%
Cap Rate
0.53
DSCR
$4,001
Rent
-$2,199
Cashflow
Cash Flow
$4,001 income − $6,200 expenses = $2,199 out of pocket
Investment Breakdown
|
Purchase Price
$808k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$162k
Closing costs
1%
$8,079
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,001
Total Expenses
$6,200
Mortgage P&I
106%
$4,242
Property Taxes
16%
$628
Home Insurance
7%
$290
HOA
0%
$0
Property Management
10%
$400
CapEx
5%
$200
Vacancy
6%
$240
Maintenance
5%
$200
Other
0%
$0