This property looks like a bad Long-Term investment with a projected -20.25% first-year return on $172k initial cash invested.
-20.25%
Cash On Cash
2.45%
Cap Rate
0.38
DSCR
$3,794
Rent
-$2,907
Cashflow
Cash Flow
$3,794 income − $6,701 expenses = $2,907 out of pocket
Investment Breakdown
|
Purchase Price
$820k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$164k
Closing costs
1%
$8,204
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,794
Total Expenses
$6,701
Mortgage P&I
116%
$4,393
Property Taxes
21%
$804
Home Insurance
8%
$289
HOA
6%
$228
Property Management
10%
$379
CapEx
5%
$190
Vacancy
6%
$228
Maintenance
5%
$190
Other
0%
$0