This property looks like a bad Long-Term investment with a projected -18.56% first-year return on $170k initial cash invested.
-18.56%
Cash On Cash
2.36%
Cap Rate
0.39
DSCR
$2,980
Rent
-$2,627
Cashflow
Cash Flow
$2,980 income − $5,607 expenses = $2,627 out of pocket
Investment Breakdown
|
Purchase Price
$809k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$162k
Closing costs
1%
$8,089
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,980
Total Expenses
$5,607
Mortgage P&I
137%
$4,068
Property Taxes
8%
$232
Home Insurance
10%
$298
HOA
8%
$234
Property Management
10%
$298
CapEx
5%
$149
Vacancy
6%
$179
Maintenance
5%
$149
Other
0%
$0