This property looks like a bad Long-Term investment with a projected -18.4% first-year return on $168k initial cash invested.
-18.4%
Cash On Cash
2.91%
Cap Rate
0.44
DSCR
$3,089
Rent
-$2,569
Cashflow
Cash Flow
$3,089 income − $5,658 expenses = $2,569 out of pocket
Investment Breakdown
|
Purchase Price
$798k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$7,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,089
Total Expenses
$5,658
Mortgage P&I
141%
$4,349
Property Taxes
6%
$186
Home Insurance
9%
$279
HOA
1%
$42
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0