This property looks like a bad Long-Term investment with a projected -16.91% first-year return on $168k initial cash invested.
-16.91%
Cash On Cash
3.05%
Cap Rate
0.48
DSCR
$3,875
Rent
-$2,367
Cashflow
Cash Flow
$3,875 income − $6,242 expenses = $2,367 out of pocket
Investment Breakdown
|
Purchase Price
$800k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$168k
Downpayment
20%
$160k
Closing costs
1%
$8,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,875
Total Expenses
$6,242
Mortgage P&I
108%
$4,204
Property Taxes
8%
$326
Home Insurance
7%
$280
HOA
11%
$424
Property Management
10%
$388
CapEx
5%
$194
Vacancy
6%
$232
Maintenance
5%
$194
Other
0%
$0