This property looks like a bad Long-Term investment with a projected -21.99% first-year return on $171k initial cash invested.
-21.99%
Cash On Cash
2.17%
Cap Rate
0.33
DSCR
$3,383
Rent
-$3,127
Cashflow
Cash Flow
$3,383 income − $6,510 expenses = $3,127 out of pocket
Investment Breakdown
|
Purchase Price
$813k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$163k
Closing costs
1%
$8,126
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,383
Total Expenses
$6,510
Mortgage P&I
131%
$4,426
Property Taxes
19%
$629
Home Insurance
9%
$304
HOA
8%
$272
Property Management
10%
$338
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0