This property looks like a bad Long-Term investment with a projected -22.23% first-year return on $168k initial cash invested.
-22.23%
Cash On Cash
1.58%
Cap Rate
0.26
DSCR
$2,527
Rent
-$3,108
Cashflow
Cash Flow
$2,527 income − $5,635 expenses = $3,108 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$7,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,527
Total Expenses
$5,635
Mortgage P&I
160%
$4,036
Property Taxes
26%
$662
Home Insurance
11%
$280
HOA
0%
$0
Property Management
10%
$253
CapEx
5%
$126
Vacancy
6%
$152
Maintenance
5%
$126
Other
0%
$0