This property looks like a bad Long-Term investment with a projected -18.89% first-year return on $169k initial cash invested.
-18.89%
Cash On Cash
2.89%
Cap Rate
0.44
DSCR
$3,296
Rent
-$2,661
Cashflow
Cash Flow
$3,296 income − $5,957 expenses = $2,661 out of pocket
Investment Breakdown
|
Purchase Price
$805k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$161k
Closing costs
1%
$8,048
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,296
Total Expenses
$5,957
Mortgage P&I
135%
$4,436
Property Taxes
12%
$381
Home Insurance
9%
$282
HOA
0%
$0
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0