This property looks like a bad Long-Term investment with a projected -20.77% first-year return on $167k initial cash invested.
-20.77%
Cash On Cash
2.43%
Cap Rate
0.37
DSCR
$3,381
Rent
-$2,892
Cashflow
Cash Flow
$3,381 income − $6,273 expenses = $2,892 out of pocket
Investment Breakdown
|
Purchase Price
$796k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$159k
Closing costs
1%
$7,955
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,381
Total Expenses
$6,273
Mortgage P&I
128%
$4,334
Property Taxes
23%
$780
Home Insurance
8%
$280
HOA
0%
$0
Property Management
10%
$338
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0