This property looks like a bad Long-Term investment with a projected -17.9% first-year return on $172k initial cash invested.
-17.9%
Cash On Cash
3.04%
Cap Rate
0.47
DSCR
$4,008
Rent
-$2,569
Cashflow
Cash Flow
$4,008 income − $6,577 expenses = $2,569 out of pocket
Investment Breakdown
|
Purchase Price
$820k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$164k
Closing costs
1%
$8,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,008
Total Expenses
$6,577
Mortgage P&I
111%
$4,443
Property Taxes
20%
$806
Home Insurance
7%
$287
HOA
0%
$0
Property Management
10%
$401
CapEx
5%
$200
Vacancy
6%
$240
Maintenance
5%
$200
Other
0%
$0