This property looks like a bad Long-Term investment with a projected -22.95% first-year return on $170k initial cash invested.
-22.95%
Cash On Cash
1.72%
Cap Rate
0.27
DSCR
$2,817
Rent
-$3,249
Cashflow
Cash Flow
$2,817 income − $6,066 expenses = $3,249 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%
$8,090
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,817
Total Expenses
$6,066
Mortgage P&I
151%
$4,265
Property Taxes
27%
$760
Home Insurance
11%
$308
HOA
0%
$0
Property Management
10%
$282
CapEx
5%
$141
Vacancy
6%
$169
Maintenance
5%
$141
Other
0%
$0