This property looks like a bad Long-Term investment with a projected -11.91% first-year return on $170k initial cash invested.
-11.91%
Cash On Cash
3.88%
Cap Rate
0.64
DSCR
$4,396
Rent
-$1,691
Cashflow
Cash Flow
$4,396 income − $6,087 expenses = $1,691 out of pocket
Investment Breakdown
|
Purchase Price
$811k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$162k
Closing costs
1%
$8,110
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,396
Total Expenses
$6,087
Mortgage P&I
93%
$4,090
Property Taxes
13%
$573
Home Insurance
6%
$280
HOA
0%
$0
Property Management
10%
$440
CapEx
5%
$220
Vacancy
6%
$264
Maintenance
5%
$220
Other
0%
$0