This property looks like a bad Long-Term investment with a projected -17.72% first-year return on $168k initial cash invested.
-17.72%
Cash On Cash
2.59%
Cap Rate
0.43
DSCR
$3,194
Rent
-$2,480
Cashflow
Cash Flow
$3,194 income − $5,674 expenses = $2,480 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$7,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,194
Total Expenses
$5,674
Mortgage P&I
127%
$4,048
Property Taxes
16%
$515
Home Insurance
9%
$280
HOA
0%
$0
Property Management
10%
$319
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0