This property looks like a bad Long-Term investment with a projected -20.68% first-year return on $170k initial cash invested.
-20.68%
Cash On Cash
2.27%
Cap Rate
0.36
DSCR
$3,002
Rent
-$2,934
Cashflow
Cash Flow
$3,002 income − $5,936 expenses = $2,934 out of pocket
Investment Breakdown
|
Purchase Price
$811k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$162k
Closing costs
1%
$8,106
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,002
Total Expenses
$5,936
Mortgage P&I
144%
$4,318
Property Taxes
19%
$584
Home Insurance
8%
$254
HOA
0%
$0
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0