This property looks like a bad Long-Term investment with a projected -22.65% first-year return on $168k initial cash invested.
-22.65%
Cash On Cash
1.92%
Cap Rate
0.3
DSCR
$2,274
Rent
-$3,167
Cashflow
Cash Flow
$2,274 income − $5,441 expenses = $3,167 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$7,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,274
Total Expenses
$5,441
Mortgage P&I
191%
$4,333
Property Taxes
10%
$237
Home Insurance
12%
$280
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0