This property looks like a bad Long-Term investment with a projected -13.2% first-year return on $171k initial cash invested.
-13.2%
Cash On Cash
4%
Cap Rate
0.62
DSCR
$4,981
Rent
-$1,882
Cashflow
Cash Flow
$4,981 income − $6,863 expenses = $1,882 out of pocket
Investment Breakdown
|
Purchase Price
$815k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$171k
Downpayment
20%
$163k
Closing costs
1%
$8,147
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,981
Total Expenses
$6,863
Mortgage P&I
87%
$4,347
Property Taxes
19%
$931
Home Insurance
6%
$290
HOA
0%
$0
Property Management
10%
$498
CapEx
5%
$249
Vacancy
6%
$299
Maintenance
5%
$249
Other
0%
$0