This property looks like a bad Long-Term investment with a projected -22.47% first-year return on $168k initial cash invested.
-22.47%
Cash On Cash
2.24%
Cap Rate
0.33
DSCR
$2,625
Rent
-$3,146
Cashflow
Cash Flow
$2,625 income − $5,771 expenses = $3,146 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.6%
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
$2,625
Total Expenses
$5,771
Mortgage P&I
172%
$4,506
Property Taxes
11%
$285
Home Insurance
11%
$298
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$158
Maintenance
5%
$131
Other
0%
$0