This property looks like a bad Long-Term investment with a projected -21.2% first-year return on $168k initial cash invested.
-21.2%
Cash On Cash
2.14%
Cap Rate
0.34
DSCR
$2,890
Rent
-$2,968
Cashflow
Cash Flow
$2,890 income − $5,858 expenses = $2,968 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.0%
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
$2,890
Total Expenses
$5,858
Mortgage P&I
147%
$4,251
Property Taxes
20%
$577
Home Insurance
10%
$280
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$144
Vacancy
6%
$173
Maintenance
5%
$144
Other
0%
$0