This property looks like a bad Long-Term investment with a projected -19.97% first-year return on $172k initial cash invested.
-19.97%
Cash On Cash
2.54%
Cap Rate
0.39
DSCR
$3,705
Rent
-$2,860
Cashflow
Cash Flow
$3,705 income − $6,565 expenses = $2,860 out of pocket
Investment Breakdown
|
Purchase Price
$818k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$164k
Closing costs
1%
$8,183
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,705
Total Expenses
$6,565
Mortgage P&I
119%
$4,410
Property Taxes
24%
$880
Home Insurance
8%
$313
HOA
0%
$0
Property Management
10%
$370
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0