This property looks like a bad Long-Term investment with a projected -16.72% first-year return on $167k initial cash invested.
-16.72%
Cash On Cash
3.19%
Cap Rate
0.49
DSCR
$3,373
Rent
-$2,326
Cashflow
Cash Flow
$3,373 income − $5,699 expenses = $2,326 out of pocket
Investment Breakdown
|
Purchase Price
$795k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$159k
Closing costs
1%
$7,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,373
Total Expenses
$5,699
Mortgage P&I
127%
$4,268
Property Taxes
8%
$276
Home Insurance
8%
$278
HOA
0%
$0
Property Management
10%
$337
CapEx
5%
$169
Vacancy
6%
$202
Maintenance
5%
$169
Other
0%
$0