This property looks like a bad Long-Term investment with a projected -18.18% first-year return on $170k initial cash invested.
-18.18%
Cash On Cash
2.74%
Cap Rate
0.43
DSCR
$3,435
Rent
-$2,572
Cashflow
Cash Flow
$3,435 income − $6,007 expenses = $2,572 out of pocket
Investment Breakdown
|
Purchase Price
$809k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$170k
Downpayment
20%
$162k
Closing costs
1%
$8,085
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,435
Total Expenses
$6,007
Mortgage P&I
124%
$4,244
Property Taxes
17%
$572
Home Insurance
9%
$297
HOA
0%
$0
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0