This property looks like a bad Long-Term investment with a projected -14.2% first-year return on $166k initial cash invested.
-14.2%
Cash On Cash
3.4%
Cap Rate
0.56
DSCR
$3,917
Rent
-$1,970
Cashflow
Cash Flow
$3,917 income − $5,887 expenses = $1,970 out of pocket
Investment Breakdown
|
Purchase Price
$793k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$159k
Closing costs
1%
$7,926
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,917
Total Expenses
$5,887
Mortgage P&I
103%
$4,023
Property Taxes
14%
$568
Home Insurance
7%
$277
HOA
0%
$0
Property Management
10%
$392
CapEx
5%
$196
Vacancy
6%
$235
Maintenance
5%
$196
Other
0%
$0