This property looks like a bad Long-Term investment with a projected -23.6% first-year return on $168k initial cash invested.
-23.6%
Cash On Cash
1.74%
Cap Rate
0.27
DSCR
$2,694
Rent
-$3,309
Cashflow
Cash Flow
$2,694 income − $6,003 expenses = $3,309 out of pocket
Investment Breakdown
|
Purchase Price
$801k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$8,013
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,694
Total Expenses
$6,003
Mortgage P&I
161%
$4,334
Property Taxes
25%
$670
Home Insurance
11%
$298
HOA
0%
$0
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0