This property looks like a bad Long-Term investment with a projected -22.42% first-year return on $170k initial cash invested.
-22.42%
Cash On Cash
2.28%
Cap Rate
0.34
DSCR
$3,199
Rent
-$3,170
Cashflow
Cash Flow
$3,199 income − $6,369 expenses = $3,170 out of pocket
Investment Breakdown
|
Purchase Price
$808k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$162k
Closing costs
1%
$8,080
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,199
Total Expenses
$6,369
Mortgage P&I
142%
$4,547
Property Taxes
22%
$701
Home Insurance
9%
$289
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0