This property looks like a bad Long-Term investment with a projected -16.2% first-year return on $170k initial cash invested.
-16.2%
Cash On Cash
3.22%
Cap Rate
0.51
DSCR
$3,553
Rent
-$2,298
Cashflow
Cash Flow
$3,553 income − $5,851 expenses = $2,298 out of pocket
Investment Breakdown
|
Purchase Price
$811k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$162k
Closing costs
1%
$8,107
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,553
Total Expenses
$5,851
Mortgage P&I
121%
$4,297
Property Taxes
9%
$317
Home Insurance
9%
$313
HOA
0%
$0
Property Management
10%
$355
CapEx
5%
$178
Vacancy
6%
$213
Maintenance
5%
$178
Other
0%
$0