This property looks like a bad Long-Term investment with a projected -19.8% first-year return on $166k initial cash invested.
-19.8%
Cash On Cash
2.6%
Cap Rate
0.4
DSCR
$4,071
Rent
-$2,737
Cashflow
Cash Flow
$4,071 income − $6,808 expenses = $2,737 out of pocket
Investment Breakdown
|
Purchase Price
$790k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$158k
Closing costs
1%
$7,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,071
Total Expenses
$6,808
Mortgage P&I
104%
$4,245
Property Taxes
30%
$1,226
Home Insurance
7%
$278
HOA
0%
$0
Property Management
10%
$407
CapEx
5%
$204
Vacancy
6%
$244
Maintenance
5%
$204
Other
0%
$0