This property looks like a bad Long-Term investment with a projected -22.48% first-year return on $167k initial cash invested.
-22.48%
Cash On Cash
2.22%
Cap Rate
0.33
DSCR
$2,585
Rent
-$3,120
Cashflow
Cash Flow
$2,585 income − $5,705 expenses = $3,120 out of pocket
Investment Breakdown
|
Purchase Price
$793k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$159k
Closing costs
1%
$7,930
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,585
Total Expenses
$5,705
Mortgage P&I
173%
$4,459
Property Taxes
11%
$286
Home Insurance
11%
$289
HOA
0%
$0
Property Management
10%
$258
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0