This property looks like a bad Long-Term investment with a projected -24.64% first-year return on $168k initial cash invested.
-24.64%
Cash On Cash
1.38%
Cap Rate
0.22
DSCR
$2,002
Rent
-$3,453
Cashflow
Cash Flow
$2,002 income − $5,455 expenses = $3,453 out of pocket
Investment Breakdown
|
Purchase Price
$801k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$8,007
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,002
Total Expenses
$5,455
Mortgage P&I
213%
$4,273
Property Taxes
18%
$365
Home Insurance
15%
$297
HOA
0%
$0
Property Management
10%
$200
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0