This property looks like a bad Long-Term investment with a projected -20.74% first-year return on $171k initial cash invested.
-20.74%
Cash On Cash
2.19%
Cap Rate
0.35
DSCR
$2,900
Rent
-$2,958
Cashflow
Cash Flow
$2,900 income − $5,858 expenses = $2,958 out of pocket
Investment Breakdown
|
Purchase Price
$815k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$163k
Closing costs
1%
$8,148
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,900
Total Expenses
$5,858
Mortgage P&I
148%
$4,299
Property Taxes
18%
$516
Home Insurance
10%
$289
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0