This property looks like a bad Long-Term investment with a projected -16.06% first-year return on $168k initial cash invested.
-16.06%
Cash On Cash
3.28%
Cap Rate
0.52
DSCR
$4,019
Rent
-$2,251
Cashflow
Cash Flow
$4,019 income − $6,270 expenses = $2,251 out of pocket
Investment Breakdown
|
Purchase Price
$801k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$8,011
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,019
Total Expenses
$6,270
Mortgage P&I
105%
$4,237
Property Taxes
18%
$708
Home Insurance
7%
$280
HOA
0%
$0
Property Management
10%
$402
CapEx
5%
$201
Vacancy
6%
$241
Maintenance
5%
$201
Other
0%
$0