This property looks like a bad Long-Term investment with a projected -24.87% first-year return on $168k initial cash invested.
-24.87%
Cash On Cash
1.57%
Cap Rate
0.24
DSCR
$3,362
Rent
-$3,482
Cashflow
Cash Flow
$3,362 income − $6,844 expenses = $3,482 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$8,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,362
Total Expenses
$6,844
Mortgage P&I
130%
$4,361
Property Taxes
32%
$1,062
Home Insurance
8%
$280
HOA
8%
$267
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0