This property looks like a bad Long-Term investment with a projected -14.8% first-year return on $168k initial cash invested.
-14.8%
Cash On Cash
3.3%
Cap Rate
0.54
DSCR
$3,904
Rent
-$2,070
Cashflow
Cash Flow
$3,904 income − $5,974 expenses = $2,070 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
6.6%
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
$3,904
Total Expenses
$5,974
Mortgage P&I
104%
$4,070
Property Taxes
16%
$610
Home Insurance
7%
$280
HOA
0%
$0
Property Management
10%
$390
CapEx
5%
$195
Vacancy
6%
$234
Maintenance
5%
$195
Other
0%
$0