This property looks like a bad Long-Term investment with a projected -18.43% first-year return on $168k initial cash invested.
-18.43%
Cash On Cash
2.48%
Cap Rate
0.41
DSCR
$3,437
Rent
-$2,581
Cashflow
Cash Flow
$3,437 income − $6,018 expenses = $2,581 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$8,001
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,437
Total Expenses
$6,018
Mortgage P&I
118%
$4,061
Property Taxes
23%
$783
Home Insurance
8%
$280
HOA
0%
$0
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0