This property looks like a bad Long-Term investment with a projected -13.31% first-year return on $168k initial cash invested.
-13.31%
Cash On Cash
3.6%
Cap Rate
0.59
DSCR
$4,022
Rent
-$1,863
Cashflow
Cash Flow
$4,022 income − $5,885 expenses = $1,863 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$7,996
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,022
Total Expenses
$5,885
Mortgage P&I
101%
$4,064
Property Taxes
12%
$496
Home Insurance
7%
$280
HOA
0%
$0
Property Management
10%
$402
CapEx
5%
$201
Vacancy
6%
$241
Maintenance
5%
$201
Other
0%
$0