This property looks like a bad Long-Term investment with a projected -23.26% first-year return on $169k initial cash invested.
-23.26%
Cash On Cash
1.38%
Cap Rate
0.23
DSCR
$2,447
Rent
-$3,285
Cashflow
Cash Flow
$2,447 income − $5,732 expenses = $3,285 out of pocket
Investment Breakdown
|
Purchase Price
$807k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$161k
Closing costs
1%
$8,071
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,447
Total Expenses
$5,732
Mortgage P&I
167%
$4,088
Property Taxes
29%
$710
Home Insurance
12%
$298
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$122
Vacancy
6%
$147
Maintenance
5%
$122
Other
0%
$0