This property looks like a bad Long-Term investment with a projected -21.94% first-year return on $168k initial cash invested.
-21.94%
Cash On Cash
2.04%
Cap Rate
0.32
DSCR
$2,563
Rent
-$3,068
Cashflow
Cash Flow
$2,563 income − $5,631 expenses = $3,068 out of pocket
Investment Breakdown
|
Purchase Price
$799k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,563
Total Expenses
$5,631
Mortgage P&I
168%
$4,301
Property Taxes
15%
$384
Home Insurance
11%
$280
HOA
0%
$0
Property Management
10%
$256
CapEx
5%
$128
Vacancy
6%
$154
Maintenance
5%
$128
Other
0%
$0