This property looks like a bad Long-Term investment with a projected -21.14% first-year return on $167k initial cash invested.
-21.14%
Cash On Cash
2.61%
Cap Rate
0.38
DSCR
$3,274
Rent
-$2,944
Cashflow
Cash Flow
$3,274 income − $6,218 expenses = $2,944 out of pocket
Investment Breakdown
|
Purchase Price
$796k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$159k
Closing costs
1%
$7,959
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,274
Total Expenses
$6,218
Mortgage P&I
138%
$4,512
Property Taxes
17%
$568
Home Insurance
9%
$287
HOA
0%
$0
Property Management
10%
$327
CapEx
5%
$164
Vacancy
6%
$196
Maintenance
5%
$164
Other
0%
$0