This property looks like a bad Long-Term investment with a projected -18.65% first-year return on $168k initial cash invested.
-18.65%
Cash On Cash
3.02%
Cap Rate
0.45
DSCR
$3,858
Rent
-$2,613
Cashflow
Cash Flow
$3,858 income − $6,471 expenses = $2,613 out of pocket
Investment Breakdown
|
Purchase Price
$801k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$8,006
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,858
Total Expenses
$6,471
Mortgage P&I
115%
$4,436
Property Taxes
20%
$756
Home Insurance
7%
$276
HOA
0%
$0
Property Management
10%
$386
CapEx
5%
$193
Vacancy
6%
$231
Maintenance
5%
$193
Other
0%
$0