This property looks like a bad Long-Term investment with a projected -17.96% first-year return on $171k initial cash invested.
-17.96%
Cash On Cash
2.55%
Cap Rate
0.42
DSCR
$3,534
Rent
-$2,553
Cashflow
Cash Flow
$3,534 income − $6,087 expenses = $2,553 out of pocket
Investment Breakdown
|
Purchase Price
$812k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$162k
Closing costs
1%
$8,121
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,534
Total Expenses
$6,087
Mortgage P&I
116%
$4,101
Property Taxes
22%
$775
Home Insurance
8%
$292
HOA
0%
$0
Property Management
10%
$353
CapEx
5%
$177
Vacancy
6%
$212
Maintenance
5%
$177
Other
0%
$0