This property looks like a bad Long-Term investment with a projected -17.2% first-year return on $166k initial cash invested.
-17.2%
Cash On Cash
2.99%
Cap Rate
0.47
DSCR
$3,800
Rent
-$2,377
Cashflow
Cash Flow
$3,800 income − $6,177 expenses = $2,377 out of pocket
Investment Breakdown
|
Purchase Price
$790k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$158k
Closing costs
1%
$7,895
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,800
Total Expenses
$6,177
Mortgage P&I
109%
$4,157
Property Taxes
20%
$756
Home Insurance
7%
$276
HOA
0%
$0
Property Management
10%
$380
CapEx
5%
$190
Vacancy
6%
$228
Maintenance
5%
$190
Other
0%
$0