This property looks like a bad Long-Term investment with a projected -17.13% first-year return on $169k initial cash invested.
-17.13%
Cash On Cash
3.12%
Cap Rate
0.49
DSCR
$4,050
Rent
-$2,410
Cashflow
Cash Flow
$4,050 income − $6,460 expenses = $2,410 out of pocket
Investment Breakdown
|
Purchase Price
$804k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$161k
Closing costs
1%
$8,039
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,050
Total Expenses
$6,460
Mortgage P&I
106%
$4,296
Property Taxes
20%
$818
Home Insurance
7%
$294
HOA
0%
$0
Property Management
10%
$405
CapEx
5%
$202
Vacancy
6%
$243
Maintenance
5%
$202
Other
0%
$0