This property looks like a bad Long-Term investment with a projected -22.58% first-year return on $166k initial cash invested.
-22.58%
Cash On Cash
1.99%
Cap Rate
0.3
DSCR
$2,248
Rent
-$3,131
Cashflow
Cash Flow
$2,248 income − $5,379 expenses = $3,131 out of pocket
Investment Breakdown
|
Purchase Price
$792k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$158k
Closing costs
1%
$7,924
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,248
Total Expenses
$5,379
Mortgage P&I
193%
$4,331
Property Taxes
8%
$171
Home Insurance
13%
$293
HOA
0%
$0
Property Management
10%
$225
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0