This property looks like a bad Long-Term investment with a projected -23.95% first-year return on $172k initial cash invested.
-23.95%
Cash On Cash
1.82%
Cap Rate
0.28
DSCR
$3,480
Rent
-$3,438
Cashflow
Cash Flow
$3,480 income − $6,918 expenses = $3,438 out of pocket
Investment Breakdown
|
Purchase Price
$820k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$172k
Downpayment
20%
$164k
Closing costs
1%
$8,201
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,480
Total Expenses
$6,918
Mortgage P&I
129%
$4,506
Property Taxes
21%
$731
Home Insurance
8%
$287
HOA
14%
$489
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0