This property looks like a bad Long-Term investment with a projected -19.51% first-year return on $172k initial cash invested.
-19.51%
Cash On Cash
2.71%
Cap Rate
0.42
DSCR
$3,722
Rent
-$2,791
Cashflow
Cash Flow
$3,722 income − $6,513 expenses = $2,791 out of pocket
Investment Breakdown
|
Purchase Price
$818k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$164k
Closing costs
1%
$8,176
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,722
Total Expenses
$6,513
Mortgage P&I
120%
$4,454
Property Taxes
22%
$812
Home Insurance
8%
$280
HOA
0%
$0
Property Management
10%
$372
CapEx
5%
$186
Vacancy
6%
$223
Maintenance
5%
$186
Other
0%
$0