This property looks like a bad Long-Term investment with a projected -15.18% first-year return on $170k initial cash invested.
-15.18%
Cash On Cash
3.64%
Cap Rate
0.56
DSCR
$4,894
Rent
-$2,147
Cashflow
Cash Flow
$4,894 income − $7,041 expenses = $2,147 out of pocket
Investment Breakdown
|
Purchase Price
$808k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$162k
Closing costs
1%
$8,080
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,894
Total Expenses
$7,041
Mortgage P&I
89%
$4,354
Property Taxes
16%
$786
Home Insurance
6%
$280
HOA
7%
$348
Property Management
10%
$489
CapEx
5%
$245
Vacancy
6%
$294
Maintenance
5%
$245
Other
0%
$0