This property looks like a bad Long-Term investment with a projected -20.54% first-year return on $172k initial cash invested.
-20.54%
Cash On Cash
2.01%
Cap Rate
0.33
DSCR
$3,326
Rent
-$2,942
Cashflow
Cash Flow
$3,326 income − $6,268 expenses = $2,942 out of pocket
Investment Breakdown
|
Purchase Price
$819k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$164k
Closing costs
1%
$8,185
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,326
Total Expenses
$6,268
Mortgage P&I
125%
$4,147
Property Taxes
29%
$959
Home Insurance
9%
$297
HOA
0%
$0
Property Management
10%
$333
CapEx
5%
$166
Vacancy
6%
$200
Maintenance
5%
$166
Other
0%
$0