This property looks like a bad Long-Term investment with a projected -15.18% first-year return on $169k initial cash invested.
-15.18%
Cash On Cash
3.47%
Cap Rate
0.55
DSCR
$4,211
Rent
-$2,131
Cashflow
Cash Flow
$4,211 income − $6,342 expenses = $2,131 out of pocket
Investment Breakdown
|
Purchase Price
$802k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$169k
Downpayment
20%
$160k
Closing costs
1%
$8,024
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,211
Total Expenses
$6,342
Mortgage P&I
101%
$4,240
Property Taxes
17%
$726
Home Insurance
7%
$280
HOA
0%
$0
Property Management
10%
$421
CapEx
5%
$211
Vacancy
6%
$253
Maintenance
5%
$211
Other
0%
$0