This property looks like a bad Long-Term investment with a projected -19.22% first-year return on $168k initial cash invested.
-19.22%
Cash On Cash
2.81%
Cap Rate
0.43
DSCR
$3,669
Rent
-$2,691
Cashflow
Cash Flow
$3,669 income − $6,360 expenses = $2,691 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$8,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,669
Total Expenses
$6,360
Mortgage P&I
119%
$4,380
Property Taxes
20%
$747
Home Insurance
8%
$280
HOA
0%
$0
Property Management
10%
$367
CapEx
5%
$183
Vacancy
6%
$220
Maintenance
5%
$183
Other
0%
$0