This property looks like a bad Long-Term investment with a projected -21.11% first-year return on $168k initial cash invested.
-21.11%
Cash On Cash
2.26%
Cap Rate
0.35
DSCR
$3,423
Rent
-$2,957
Cashflow
Cash Flow
$3,423 income − $6,380 expenses = $2,957 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$8,003
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,423
Total Expenses
$6,380
Mortgage P&I
125%
$4,292
Property Taxes
26%
$884
Home Insurance
9%
$315
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0