This property looks like a bad Long-Term investment with a projected -21.69% first-year return on $168k initial cash invested.
-21.69%
Cash On Cash
2.1%
Cap Rate
0.33
DSCR
$3,567
Rent
-$3,037
Cashflow
Cash Flow
$3,567 income − $6,604 expenses = $3,037 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$8,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,567
Total Expenses
$6,604
Mortgage P&I
119%
$4,262
Property Taxes
22%
$780
Home Insurance
8%
$280
HOA
10%
$355
Property Management
10%
$357
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0