This property looks like a bad Long-Term investment with a projected -20.48% first-year return on $168k initial cash invested.
-20.48%
Cash On Cash
2.2%
Cap Rate
0.35
DSCR
$2,508
Rent
-$2,864
Cashflow
Cash Flow
$2,508 income − $5,372 expenses = $2,864 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
6.9%
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
$2,508
Total Expenses
$5,372
Mortgage P&I
168%
$4,207
Property Taxes
9%
$234
Home Insurance
11%
$280
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0