This property looks like a bad Long-Term investment with a projected -26.04% first-year return on $168k initial cash invested.
-26.04%
Cash On Cash
1.25%
Cap Rate
0.19
DSCR
$2,370
Rent
-$3,641
Cashflow
Cash Flow
$2,370 income − $6,011 expenses = $3,641 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$7,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,370
Total Expenses
$6,011
Mortgage P&I
184%
$4,356
Property Taxes
32%
$760
Home Insurance
12%
$280
HOA
0%
$0
Property Management
10%
$237
CapEx
5%
$118
Vacancy
6%
$142
Maintenance
5%
$118
Other
0%
$0