This property looks like a bad Long-Term investment with a projected -20.8% first-year return on $171k initial cash invested.
-20.8%
Cash On Cash
2.42%
Cap Rate
0.37
DSCR
$3,483
Rent
-$2,967
Cashflow
Cash Flow
$3,483 income − $6,450 expenses = $2,967 out of pocket
Investment Breakdown
|
Purchase Price
$815k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$163k
Closing costs
1%
$8,153
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,483
Total Expenses
$6,450
Mortgage P&I
127%
$4,438
Property Taxes
16%
$544
Home Insurance
8%
$280
HOA
8%
$283
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0