This property looks like a bad Long-Term investment with a projected -18.86% first-year return on $171k initial cash invested.
-18.86%
Cash On Cash
2.76%
Cap Rate
0.43
DSCR
$4,000
Rent
-$2,680
Cashflow
Cash Flow
$4,000 income − $6,680 expenses = $2,680 out of pocket
Investment Breakdown
|
Purchase Price
$812k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$162k
Closing costs
1%
$8,121
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,000
Total Expenses
$6,680
Mortgage P&I
109%
$4,349
Property Taxes
22%
$876
Home Insurance
8%
$315
HOA
3%
$100
Property Management
10%
$400
CapEx
5%
$200
Vacancy
6%
$240
Maintenance
5%
$200
Other
0%
$0