This property looks like a bad Long-Term investment with a projected -23.98% first-year return on $170k initial cash invested.
-23.98%
Cash On Cash
2.01%
Cap Rate
0.29
DSCR
$2,570
Rent
-$3,395
Cashflow
Cash Flow
$2,570 income − $5,965 expenses = $3,395 out of pocket
Investment Breakdown
|
Purchase Price
$809k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$162k
Closing costs
1%
$8,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,570
Total Expenses
$5,965
Mortgage P&I
180%
$4,625
Property Taxes
14%
$357
Home Insurance
11%
$283
HOA
1%
$33
Property Management
10%
$257
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0