This property looks like a bad Long-Term investment with a projected -17.04% first-year return on $168k initial cash invested.
-17.04%
Cash On Cash
2.79%
Cap Rate
0.46
DSCR
$3,587
Rent
-$2,380
Cashflow
Cash Flow
$3,587 income − $5,967 expenses = $2,380 out of pocket
Investment Breakdown
|
Purchase Price
$798k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$7,982
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,587
Total Expenses
$5,967
Mortgage P&I
113%
$4,057
Property Taxes
20%
$700
Home Insurance
8%
$278
HOA
0%
$0
Property Management
10%
$359
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0