This property looks like a bad Long-Term investment with a projected -13.75% first-year return on $168k initial cash invested.
-13.75%
Cash On Cash
4%
Cap Rate
0.61
DSCR
$4,729
Rent
-$1,925
Cashflow
Cash Flow
$4,729 income − $6,654 expenses = $1,925 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.2%
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
$4,729
Total Expenses
$6,654
Mortgage P&I
92%
$4,358
Property Taxes
17%
$787
Home Insurance
6%
$280
HOA
0%
$0
Property Management
10%
$473
CapEx
5%
$236
Vacancy
6%
$284
Maintenance
5%
$236
Other
0%
$0