This property looks like a bad Long-Term investment with a projected -14.49% first-year return on $170k initial cash invested.
-14.49%
Cash On Cash
3.7%
Cap Rate
0.57
DSCR
$3,813
Rent
-$2,051
Cashflow
Cash Flow
$3,813 income − $5,864 expenses = $2,051 out of pocket
Investment Breakdown
|
Purchase Price
$809k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$162k
Closing costs
1%
$8,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,813
Total Expenses
$5,864
Mortgage P&I
114%
$4,356
Property Taxes
7%
$254
Home Insurance
7%
$262
HOA
0%
$0
Property Management
10%
$381
CapEx
5%
$191
Vacancy
6%
$229
Maintenance
5%
$191
Other
0%
$0