This property looks like a bad Long-Term investment with a projected -19.55% first-year return on $167k initial cash invested.
-19.55%
Cash On Cash
2.52%
Cap Rate
0.4
DSCR
$3,244
Rent
-$2,714
Cashflow
Cash Flow
$3,244 income − $5,958 expenses = $2,714 out of pocket
Investment Breakdown
|
Purchase Price
$793k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$167k
Downpayment
20%
$159k
Closing costs
1%
$7,933
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,244
Total Expenses
$5,958
Mortgage P&I
130%
$4,221
Property Taxes
14%
$461
Home Insurance
10%
$332
HOA
3%
$101
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0