This property looks like a bad Long-Term investment with a projected -14.97% first-year return on $168k initial cash invested.
-14.97%
Cash On Cash
3.17%
Cap Rate
0.52
DSCR
$3,029
Rent
-$2,093
Cashflow
Cash Flow
$3,029 income − $5,122 expenses = $2,093 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
6.5%
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
$3,029
Total Expenses
$5,122
Mortgage P&I
134%
$4,054
Property Taxes
0%
$1
Home Insurance
9%
$280
HOA
0%
$0
Property Management
10%
$303
CapEx
5%
$151
Vacancy
6%
$182
Maintenance
5%
$151
Other
0%
$0