This property looks like a bad Long-Term investment with a projected -18.25% first-year return on $171k initial cash invested.
-18.25%
Cash On Cash
2.89%
Cap Rate
0.45
DSCR
$3,400
Rent
-$2,603
Cashflow
Cash Flow
$3,400 income − $6,003 expenses = $2,603 out of pocket
Investment Breakdown
|
Purchase Price
$815k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$163k
Closing costs
1%
$8,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,400
Total Expenses
$6,003
Mortgage P&I
129%
$4,397
Property Taxes
13%
$437
Home Insurance
8%
$285
HOA
0%
$0
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0