This property looks like a bad Long-Term investment with a projected -23.08% first-year return on $170k initial cash invested.
-23.08%
Cash On Cash
1.82%
Cap Rate
0.28
DSCR
$2,655
Rent
-$3,260
Cashflow
Cash Flow
$2,655 income − $5,915 expenses = $3,260 out of pocket
Investment Breakdown
|
Purchase Price
$807k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$161k
Closing costs
1%
$8,072
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,655
Total Expenses
$5,915
Mortgage P&I
164%
$4,350
Property Taxes
24%
$634
Home Insurance
9%
$240
HOA
0%
$0
Property Management
10%
$266
CapEx
5%
$133
Vacancy
6%
$159
Maintenance
5%
$133
Other
0%
$0