This property looks like a bad Long-Term investment with a projected -19.04% first-year return on $172k initial cash invested.
-19.04%
Cash On Cash
2.8%
Cap Rate
0.43
DSCR
$3,928
Rent
-$2,729
Cashflow
Cash Flow
$3,928 income − $6,657 expenses = $2,729 out of pocket
Investment Breakdown
|
Purchase Price
$819k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$164k
Closing costs
1%
$8,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,928
Total Expenses
$6,657
Mortgage P&I
113%
$4,446
Property Taxes
23%
$900
Home Insurance
7%
$290
HOA
0%
$0
Property Management
10%
$393
CapEx
5%
$196
Vacancy
6%
$236
Maintenance
5%
$196
Other
0%
$0