This property looks like a bad Long-Term investment with a projected -18.56% first-year return on $171k initial cash invested.
-18.56%
Cash On Cash
2.98%
Cap Rate
0.45
DSCR
$3,647
Rent
-$2,641
Cashflow
Cash Flow
$3,647 income − $6,288 expenses = $2,641 out of pocket
Investment Breakdown
|
Purchase Price
$813k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$163k
Closing costs
1%
$8,132
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,647
Total Expenses
$6,288
Mortgage P&I
123%
$4,477
Property Taxes
16%
$571
Home Insurance
8%
$292
HOA
0%
$0
Property Management
10%
$365
CapEx
5%
$182
Vacancy
6%
$219
Maintenance
5%
$182
Other
0%
$0