This property looks like a bad Long-Term investment with a projected -17.72% first-year return on $168k initial cash invested.
-17.72%
Cash On Cash
3.18%
Cap Rate
0.48
DSCR
$3,866
Rent
-$2,478
Cashflow
Cash Flow
$3,866 income − $6,344 expenses = $2,478 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$7,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,866
Total Expenses
$6,344
Mortgage P&I
114%
$4,404
Property Taxes
17%
$655
Home Insurance
7%
$280
HOA
0%
$0
Property Management
10%
$387
CapEx
5%
$193
Vacancy
6%
$232
Maintenance
5%
$193
Other
0%
$0