This property looks like a bad Long-Term investment with a projected -25.12% first-year return on $168k initial cash invested.
-25.12%
Cash On Cash
1.49%
Cap Rate
0.23
DSCR
$2,010
Rent
-$3,516
Cashflow
Cash Flow
$2,010 income − $5,526 expenses = $3,516 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$7,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,010
Total Expenses
$5,526
Mortgage P&I
219%
$4,411
Property Taxes
16%
$313
Home Insurance
14%
$280
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$121
Maintenance
5%
$100
Other
0%
$0