This property looks like a bad Long-Term investment with a projected -20.73% first-year return on $166k initial cash invested.
-20.73%
Cash On Cash
2.12%
Cap Rate
0.34
DSCR
$2,440
Rent
-$2,873
Cashflow
Cash Flow
$2,440 income − $5,313 expenses = $2,873 out of pocket
Investment Breakdown
|
Purchase Price
$792k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$166k
Downpayment
20%
$158k
Closing costs
1%
$7,920
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,440
Total Expenses
$5,313
Mortgage P&I
170%
$4,150
Property Taxes
10%
$233
Home Insurance
12%
$296
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0